Homesplace, a property marketplace tool which connects pre-approved buyers with property owners, created the Mortgage Adviser Indexing Tool (MAIT) which has access to over 70,000 monthly property transactions using data from Land Registry and the Council of Mortgage Lenders.
Over 15 data points are used on the tool, including value, volume, adviser locality and mortgage type, before presenting the buyer with mortgage advisers who best match their circumstances.
The tool will invite mortgage advisers to active their profile once a month and start connecting to their transactions, when they will have the option to be added to the index’s Mortgage Adviser Recommendation and Introducer Engine (MARIE), which drives the buyer DIP pre-approval process. Almost 5,000 mortgage advisers have been indexed on the tool so far.
Advisers can activate their profile and claim transactions for free, and can access the MARIE system under two different payment plans. These include a pre-pay-as-you-go option to purchase a minimum of five leads for £100 or a monthly subscription option of £29 for unlimited leads.
Homesplace founder and CEO Phin Mpofu explained that mortgage advisers could earn up to 20% commission for introducing buyers and property owners to the marketplace which was an incentive that traditional estate agents did not offer brokers.
“We’ve created a unique and quite possibly the perfect opportunity for mortgage advisers to connect with new clients early in the buying process,” he said.
