Hill, whose previous roles include CEO of Leeds Building Society and chairman of the Council of Mortgage Lenders and the Northern Association of Building Societies, will take over from current chairman Tracy Morshead.
Working with the executive and non-executive directors to provide strategic direction for the business and its technology proposition, Hill will provide invaluable insight at a time when technology is at the forefront of change, said Mortgage Brain.
Hill said: “I’m delighted to have been asked to lead the board of Mortgage Brain at such a critical time in the technology cycle.
“The development of The Key and its sourcing systems, the acquisition of Criteria Hub and the forthcoming launch of Lendex, all demonstrate Mortgage Brain’s commitment to innovation and determination to remain the mortgage industry’s leading provider of technology and software solutions.
“I look forward to supporting Mark and his executive team in this endeavour.”
Mark Lofthouse, CEO of Mortgage Brain, added: “The continued growth and development of our technology proposition places us in a very strong position within the market and it’s important that we continue to have a high profile, experienced and independently minded chairman to oversee business activities.
“Peter has a wealth of knowledge and experience and is highly respected in the UK mortgage and finance industry. I’m delighted to welcome him into his new role.
“On behalf of Mortgage Brain I’d also like to say a huge thank you to Tracy Morshead for the role he’s played in the development and success of the business over the past 11 years and wish him all the best for the future.”
Tracy Morshead, said: “Mortgage Brain has enjoyed record growth, year on year, and I’m grateful to have played a part in its continued success.
“Peter is extremely well placed to drive the business forward and I wish him well in his new role.”
The company confirmed the acquisition of Criteria Hub in March, and announced six further searches after initial integration in April into its point-of-sale, CRM and compliance system, The Key with more development work ongoing.
In 2017, Hill was also appointed to the UK Finance board to lead mortgage businesses in the trade body which merged six trade bodies, among a raft of other well-known industry names including Virgin Money’s Jayne-Anne Gadhia.