Mortgage Brain Ireland

Did you know that Mortgage Brain doesn’t just operate in the UK? In 2003, we branched out to the Republic of Ireland, launching a mortgage solution system for Irish brokers, lenders and consumers.

Who is Mortgage Brain Ireland?
Mortgage Brain Ireland has held the exclusive distribution licence for our software in the Republic of Ireland for over a decade. Just like Mortgage Brain, our Irish counterparts are the leading providers of mortgage software, with many individual advisers and broker companies currently using the software. They have also created Ireland’s first free mortgage comparison and calculator app: IrishMortgages. This is equivalent to the UK app UKMortgages.

What is the IrishMortgages app?
The app was launched last year, and is the first free mortgage comparison app in Ireland, having been used over 30,000 times by Irish consumers in the past year. It allows users to explore various mortgage and affordability options throughout the country. The app also enables users to find a qualified Irish broker to assist with the process.

It incorporates a mortgage calculator, which is able to determine the cost of a mortgage per month, the deposit size, and the income an individual will need for this size mortgage.

IrishMortgages then calculates how much someone can borrow, based on the latest Central Bank lending rules, which are updated daily. The app also keeps a clear record of all searches done, which is a handy comparison and tracking tool for consumers.

How can an app like this help?
The mortgage app is particularly useful in Ireland as there is a national problem with individuals not understanding mortgages correctly.

Research has found that almost seven out of ten people in Ireland don’t know how much interest they will pay their lender over the lifespan of their mortgage. This highlights the need for the work being done by Mortgage Brain Ireland to teach and inform consumers.

What else does Mortgage Brain Ireland offer?
Just like Mortgage Brain in the UK, Mortgage Brain Ireland offers Mortgage Trading Exchange (MTE), which speeds up the mortgage application process considerably.

The MTE software permits brokers to trade electronically, allowing them to send, track and view applications and documents online. This eliminates the need for paper, thus enabling the process to be a lot smoother.

The Association of Expert Mortgage Advisors (AEMA) has also recently adopted Mortgage Brain Ireland. AEMA account for almost 50 percent of mortgage broker business in Ireland and are implementing MTE from Mortgage Brain in their move to an electronic mortgage-trading platform.

Lenders only need to integrate MTE once into their back office – there’s no need to build and maintain multiple bridges to systems from different broking firms. This saves both time and money.

What is the overall goal for the company?
Mortgage Brain Ireland estimates that, over the next four years, the industry could save €12 million in both cost savings and productivity, so long as both brokers and lenders adopt this standard electronic mortgage trading platform.
Therefore, the end goal for Mortgage Brain Ireland is to make the mortgage application process digital and establish a common trading platform for the industry as a whole.

As previously mentioned, research has shown that consumers in Ireland are not completely clear when it comes to mortgages and the process it entails. Mortgage Brian Ireland is aiming to provide support and information in order to educate consumers, ensuring they are as informed as they can be about the mortgage process and know exactly what they need to do.

It’s competition time with iSourceMortgages…

It’s competition time with iSourceMortgages…

Win £150 worth of Amazon vouchers between the 1st February and 31st March 2014 by trialling iSourceMortgages to be in with a chance of winning.*

iSourceMortgages is the only sourcing iPad app specifically for intermediaries. Offering you access whilst on the move, iSourceMortgages is designed by Mortgage Brain to provide sourcing capabilities for you on your iPad during the initial stage of the point-of-sale process.

Download iSourceMortgages on your iPad here.

*Terms & Conditions apply, click here for details.

UKmortgages App now available on iPhone, iPad and Android devices

  • The UKs most comprehensive mortgage search application
  • Over 13,000 consumer downloads and used over 50,000 times since its launch in April
  • Mortgage calculator run over 70,000 times
  • Over 26,000 product searches conducted with over 750 ‘real leads’ delivered to mortgage brokers

UKmortgages, the UK’s most comprehensive mortgage search app, which allows consumers to search the UK mortgage market for a mortgage, compare products, and ‘find a broker’ to help them with the application process, is now available on the iPad and Android devices.

The app, initially launched on the iPhone in April, and available free-of-charge to consumers, is an incredibly powerful, fast and simple way to search through almost 10,000 mortgages available in the UK using the latest and most comprehensive mortgage product data.

Available now in the Apple Store for iPhones and iPads and in the Play Store for Android devices, UKmortgages also provides consumers with the ability, via its ‘Find a Broker’ function, to get in touch with a UK qualified mortgage broker to help answer questions and progress mortgage enquiries.

Click here to view the full article.

Instant success for Mortgage Brain’s Mobile App – UKmortgages

Mortgage Brain’s mobile application solution to promote brokers and mortgages products to UK consumers has taken the market by storm and become an immediate success during the first few weeks since its launch.

Thousands of consumer downloads have taken place since the app was launched mid April, with many of them being put in touch with brokers via the app’s ‘Find A Broker’ capability. The app, UKmortgages, was launched initially on the iPhone on the 16th April, and will soon be made available on the iPad and Android devices.

A first of its kind in the UK mortgage industry, UKmortgages, has been designed to support brokers’ sales channels by promoting them to consumers via next generation mobile devices and delivering free leads. In its first few weeks of availability, the app, which is available in the Apple Store, has been accessed and used over 10,000 times.

Mark Lofthouse, CEO of Mortgage Brain, comments, “The initial consumer downloads and adoption of our app, along with broker participation within our ‘Find a Broker’ function, is absolutely fantastic. “The app, being the UK’s most comprehensive mortgage search, compare and review mobile application available, is having a major impact amongst consumers.”

“The most important aspect of the app, however, is the fact that real leads are being put through to brokers at no cost to the broker. This is fantastic news for the mortgage intermediary market and reinforces the time and investment spent in developing the app, which has a primary function of supporting brokers and their new and on-going sales opportunities.”

The app, which is free of charge to consumers,  includes a high level consumer facing mortgage search and selection capability -featuring broker only products -, a range of mortgage calculators, and a unique ‘Find a Broker’ facility.

All mortgage brokers who use Mortgage Brain’s mortgage sourcing systems are entitled to be promoted within the Find a Broker section, together with contact details, at no charge and all leads and enquiries will be passed on, again at no charge.

Powered by the same technology as Mortgage Brain’s award winning sourcing system – ALL NEW MortgageBrain – the new app offers intermediaries the opportunity, at no extra cost, to generate increased business levels by marketing themselves directly with financially informed, potential homebuyers, throughout the UK.

Join the Mortgage Brain Linkedin group… click here

Mortgage Brain launches UKmortgages App for iPhone

~ The UK’s most comprehensive mortgage search application for iPhones ~

Mortgage Brain, a leading technology solutions provider for the financial services industry has launched a mobile app for the iPhone, which allows consumers to search the UK mortgage market for a mortgage, compare products, and ‘find a broker’ to help them through the application process.

The app, which is free of charge and available in the Apple Store, is an incredibly powerful, fast, and simple way to search through almost 10,000 mortgages available in the UK using the latest and most comprehensive mortgage product data.

Launched initially on the iPhone and soon to be made available on the iPad and Android devices, the app also provides consumers with the ability, via its ‘Find a Broker’ function, to get in touch with a UK qualified mortgage broker to help answer questions and progress mortgage enquiries

Click here to view the full article.

Join the Mortgage Brain Linkedin group… click here

 

Mortgage Brain launches mobile app to promote brokers

Mortgage Brain, the market leading mortgage technology solutions provider, has announced the launch of its unique mobile application solution to promote brokers and mortgage products to UK consumers.

The app, launched initially on the iPhone and soon to be made available on the iPad and Android devices, is the first of its kind in the industry and has been designed to support brokers’ sales channels and promote them to consumers via new generation mobile applications.

The app, which is free of charge to consumers,  includes a high level consumer facing mortgage search and selection capability – featuring broker only products -, a range of mortgage calculators, and a unique ‘Find a Broker’ facility.

All mortgage brokers who use Mortgage Brain’s mortgage sourcing systems are entitled to be promoted within the Find a Broker section, together with contact details, at no charge and all leads and enquiries will be passed on, again at no charge.

This unique feature provides a first of its kind opportunity for all Mortgage Brain users to be promoted on mobile technology and will enable participants to continue to meet the needs of a new generation of customers.

Click here to view the full article.

Join the Mortgage Brain Linkedin group… click here