MI back in the black

Nia Williams

June 20, 2011

Mortgage Intelligence has seen its business levels increase by 22% within the last three months since the acquisition by Countrywide.

Countrywide has confirmed independent providers Slater Hogg Mortgages and Hurst Independent as the first two appointed representatives to join the Mortgage Intelligence network as the network looks to continue to grow its network of appointed representative and directly authorised members.

One of the recent improvements Mortgage Intelligence has made has been the implementation of the new point of sale system, The Key. Currently in the final phase of implementation, there are already clear signs that it is showing improvements in efficiency for brokers helping them to maximise business opportunities.

Sally Laker, managing director of Mortgage Intelligence, said: “We are delighted to see the benefits of being part of Countrywide already. A combination of our prudence, cost efficiency and our ability to gain access and secure some of the most competitive products in the market for our members has played a key role in our increased activity and profitability over the last three months.”

Nigel Stockton, financial services director at Countrywide, added: “It is great to see Mortgage Intelligence starting to deliver so quickly. We are continuing to harvest opportunities and synergies for Mortgage Intelligence as it continues to position itself to capitalise on the mortgage market when transaction levels begin to increase.”

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