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mte clocks transaction record
4 February, 2008
Mortgage Trading Exchange (mte) has revealed that it has passed the three-quarter million mark for transactions.
Available to all intermediaries, the common trading platform currently processes over £50 billion worth of mortgages per year.
Mark Lofthouse, mte's CEO believes that the latest achievement firmly demonstrates the industry's reliance on technology in today's marketplace.
Indeed he added that the instantanous nature of electronic trading plays a pivotal role in streamlining day-to-day business.
He concluded: "With the ability to complete and send application forms from one place and receive an AIP decision in under a minute, more and more lenders and intermediaries are finding that the mte is the best solution for all concerned.”