DPR Group has acquired ‘online mortgage broker’ Burrow.
Burrow, which launched in 2017 and was originally known as Dwell, started as a consumer brokerage before moving to a business-to-business model this year.
Since that change the firm has been supplying brokers, networks and lenders with tools including customer relationship management software and automated product recommendations.
Dave Patel, chief executive of DPR Group, said: “Burrow’s mission is to make mortgages delightfully digital, offering smart research tools that allow their customers to compare products and explore their options online. This type of innovation is a perfect match for the work we do at DPR.
“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.”
Last year banking software provider DPR was acquired by private equity investment firm Norland Capital. What became known as DPR Group then purchased eKeeper, which provides a consumer relations management system.
DPR Group said the acquisitions have enhanced its ability to help its customers, mortgage lenders and brokers, to transform their multi-channel digital offerings
Pradeep Raman, founder of Burrow, said: “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.”
Patel added: “The acquisition of eKeeper and now Burrow are the first few steps towards achieving our strategy and have been helped by the investment from Norland Capital last year. We look forward to announcing further exciting news in the coming months.”