Mortgage Brain acquires The Key

Ramesh Sharma

April 1, 2006

The Key, developed by Client Data Systems, provides front-end point-of-sale and compliance systems and back office support. The acquisition is aimed at re-enforcing Mortgage Brain’s position in this area of the market.

Peter Heigho, director at Client Data Systems, said: “The Key is an ideal partner for Mortgage Brain. Our respective products and services complement each other at every stage and our customers will benefit from the support and backing from the industry’s leading provider of mortgage software solutions.”

The move allows intermediaries to conduct all aspects of the sales and compliance process through the integrated systems, including factfinds, needs analysis and reasons for product recommendations.

Mortgage Brain has also launched a two-way link with Dashboard, allowing brokers to pass information electronically to the sourcing system via an e-link for mortgage sourcing and trading on the Mortgage Trading Exchange (mte).

David Aylmer, joint managing director of Dashboard, commented: “In keeping with our existing e-trading links, this continues our simple click-of-a-button use. This link will enable Dashboard and Mortgage Brain/mte users to streamline their processes and reduce the amount of rekeying required, so saving time and reducing errors.”

Mark Lofthouse, CEO of Mortgage Brain, said of both deals: “The acquisition of The Key represents the next step in our strategy to strengthen and extend the range of products and services we offer for the benefit of all of our customers. The acquisition is an excellent strategic fit with our business.”

“We are delighted that Dashboard has linked up with Mortgage Brain and mte. Mortgage Brain is the quickest, simplest way to submit applications/AIPs and obtain penny accurate KFIs from the UK’s biggest lenders. This link will help speed up this process for mortgage brokers.”

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