Mortgage technology provider DPR has acquired online mortgage broker Burrow.
The move follows on from the acquisition of eKeeper by DPR last year.
Dave Patel, CEO of DPR Group, said: “Burrow’s mission is to make mortgages delightfully digital, offering smart research tools that allow their customers to compare products and explore their options online. This type of innovation is a perfect match for the work we do at DPR.
“We look forward to bringing our strengths together to enable lenders and brokers to offer customers a frictionless end-to-end digital mortgage journey.”
Burrow’s founder, Pradeep Raman, has joined DPR as director of digital solutions.
DPR technology now encompasses a core banking platform for origination and servicing that is used by over 40 UK mortgage lenders.
Raman said: “We started Burrow with the aim of making mortgages transparent and convenient for digital natives – the next generation of mortgage customers. We are excited to be joining DPR, a leader in mortgage technology.
“Together, we believe we can build a fresh architecture for the mortgage market to deliver ease, speed and cost savings to customers, lenders and brokers.”
Patel added: “The acquisition of eKeeper and now Burrow are the first few steps towards achieving our strategy and have been helped by the investment from Norland Capital last year. We look forward to announcing further exciting news in the coming months.”
