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DPR Group acquires digital broker Burrow

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  • 19/06/2018
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DPR Group acquires digital broker Burrow
Technology provider DPR Group has acquired online mortgage broker Burrow for an undisclosed amount.

 

DPR technology now owns a core banking platform for origination and servicing that is used by over 40 UK mortgage lenders and the eKeeper broker CRM system with nearly 3,000 users across the country.

The firm said its acquisition of Burrow took it a step closer to providing a suite of fully integrated digital applications for customers, lenders and brokers.

This includes application capture and processing with affordability assessments and eligibility checks; integration with Open Banking to assess income verification and household expenditure; and end-to-end process automation and workflow for lenders and brokers.

Earlier this year, Burrow had decided to veer away from its consumer facing model, instead choosing to provide its products to the market as a broker offering.

Dave Patel, CEO of DPR Group, said: “We look forward to bringing our strengths together to enable lenders and brokers to offer customers a frictionless end-to-end digital mortgage journey. I am delighted to say that Burrow’s founder, Pradeep Raman, has joined DPR as director of digital solutions.”

Pradeep Raman, founder of Burrow, (pictured) added: “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.”

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