Countrywide has claimed that Mortgage Intelligence has returned to profitability during the first quarter under its ownership.

Within the last three months and since the acquisition by Countrywide, Mortgage Intelligence has seen its business levels increase by 22%.

Mortgage Intelligence provides broker services to over 6,500 mortgage intermediaries under brands Mortgage Intelligence and Mortgage Next.

Slater Hogg Mortgages Limited and Hurst Independent have been confirmed as the first two appointed representatives to be joining the Mortgage Intelligence network as the network looks to increase its membership.

Sally Laker, managing director of Mortgage Intelligence, said: “A combination of our prudence