Mutual Vision Technology has partnered with Mortgage Brain for the development and distribution of its banking software platform for mortgage advisers in the Republic of Ireland.
Mortgage Brain’s Mortgage Trading Exchange (MTE) will be integrated into Mutual Vision’s core solution. The joint platform will enable lenders to originate new loans through brokers and manage the underwriting and loan servicing in one end-to-end solution.
George Webb, CEO of Mutual Vision, said: “We have selected Mortgage Brain because it has the most widely used and preferred electronic trading software in the UK and Irish markets. Mortgage Trading Exchange (MTE) allows brokers to do business with lenders digitally and all from one place.
“The deep distribution capability in Ireland means that a lender can access the broker market very quickly and ramp-up loan volume.”
Mark Lofthouse, CEO of Mortgage Brain, added: “We believe that the Irish mortgage market is set for steady growth, particularly as housing supply is set to see a significant increase. Ireland is a natural market for us and we want to be ready for the anticipated entry of new lenders over the next few years.”
