Acre predicts £20bn in completions on platform

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Acre has reported that its platform usage has doubled in the past 12 months.

The firm says this level of growth means it is on track to complete £20bn in mortgages this year.

Acre has also seen a doubling in the number of mortgage cases with at least one protection product attached. It believes that this is driven by a combination of weak consumer confidence and firms stepping up their Consumer Duty responsibilities.

Justus Brown (pictured), CEO and founder of Acre, said: “The last 12 months have been defining for Acre. The team’s hard work in delivering an impactful technology platform that improves brokers ways of working and adds value to the service they offer homeowners and their families is receiving broad recognition from brokers, mortgage network and clubs, lenders and the broader fintech ecosystem.

“In the toughest of times when interest rates were rising and products were being pulled, Acre’s brokers were able to use our platform to work smarter in order to secure clients the best mortgage and protection deals for them within a few clicks.”

Nicola Ventrella, operations director at The Right Mortgage, added: “Making the move to a new CRM system is never easy. However, we saw how Acre’s capabilities were rooted in a refreshing, tech-driven approach that would future proof our business.

“It delivers a valuable time-saving and supports the delivery of positive consumer outcomes for our advisory firm members which is why Acre is now our key software, providing our advisers with one place to manage the entire mortgage journey from start to finish.”

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