You are here: Home - News -

Criteria Brain reaches 88 lender milestone

by:
  • 23/02/2022
  • 0
Criteria Brain reaches 88 lender milestone
Mortgage Brain’s criteria sourcing system, Criteria Brain, has 88 lenders live, a new high for the platform.

According to Criteria Brain, this accounts for more than 95 per cent of the UK intermediary first charge residential mortgage market. This is based on gross lending figures for first charge residential lending for 2020 from UK Finance.

Recent lender additions to the platform include Shawbrook Bank, CHL Mortgages and Generation Home.

It added that it had also seen a “substantial increase” in the number of intermediaries using the platform over the past year.

Criteria Brain, previously known at Criteria Hub, was launched in 2017 and hit its 80-lender milestone with MPowered Mortgages last year.

Neil Wyatt (pictured), sales and marketing director at Mortgage Brain, said: “One of the big challenges faced by mortgage brokers over the last couple of years has been the speed at which lenders adapt their criteria.

“Criteria Brain is designed to make keeping up with those criteria changes, and finding the right lender for your client, much easier and the response we’ve had from brokers shows that it’s making a tangible difference to their day-to-day workload.”

Criteria Brain users can access masterclasses for free, which in the past have covered self-employed, holiday lets, and limited company lending in the buy-to-let market.

There is an upcoming masterclass on 2 March examining lending in retirement.

There are 0 Comment(s)

You may also be interested in