Acre, the intermediary platform, has reported a 200% year-on-year increase in mortgage submissions.
The London-based fintech also said it is on track to surpass its internal target of supporting 10% of all new mortgages written in the UK this year.
The surge in activity reflects an ongoing shift among brokers and networks towards digital solutions that can improve speed, accuracy and regulatory compliance amid continued volatility in mortgage rates.
Acre’s platform now handles over 2.8 million affordability searches each month on behalf of advisers, while its end-to-end functionality is being credited with driving substantial growth for some of the sector’s firms.
Among those is Cornerstone Finance Group, a PMS Diamond Club member. According to Chris Caulfield-Jones, director of risk and compliance at the firm, Acre’s data-led approach to the mortgage process has aligned well with its in-house technology strategy.
“Their approach to rethinking the use of data across the mortgage journey, matching our own ethos, serves up greater efficiencies in addition to fuelling more informed client conversations,” he said.
Acre’s founder and chief executive Justus Brown (pictured) said the latest milestone demonstrates the platform’s expanding role at the centre of the UK’s mortgage infrastructure. “In another record-breaking year, we have seen sole proprietors, national brands and networks with almost 1,000 advisers turn to us and onboarded in record time,” he said.
“We have proven we can be the central cog in the mortgage system, working with other leaders in the ecosystem across insurance, protection, payments and more to improve the journey for broker and client.”
The firm attributes part of its success to the overhaul of its protection proposition. Over the past 12 months, Acre has introduced an enhanced health fact find, protection declarations, improved multi-policy sourcing tools, and a new Consumer Duty Dashboard. These measures are designed to help advisers better assess clients’ needs and close the protection gap, while supporting compliance and improving the quality of advice.
That focus on adviser workflows and compliance has resonated across the market. The Right Mortgage network is among those to have adopted the Acre platform. Nicola Ventrella, operations director at the firm, said, “The move to Acre has supported the way we deliver mortgage and protection advice by streamlining processes for advisers, improving data visibility, and allowing us to embed good practice across the network.”
Recent product enhancements include upgrades to Acre’s case management tools, business dashboards and client portals, with the platform increasingly used not only by directly authorised brokers but also across mortgage clubs and national networks.
These developments, the firm said, have made it easier for brokers to access real-time data, support clients more effectively, and complete transactions with greater speed and accuracy.
