Mortgage Intelligence back in the black under Countrywide


Monday, June 20, 2011

Mortgage Intelligence has returned to profitability as the company celebrates its first quarter under the ownership of Countrywide.

Within the last three months and since the acquisition by Countrywide, Mortgage Intelligence has seen its business levels increase by 22 percent [1]. Mortgage Intelligence provides premium broker services to over 6,500 mortgage intermediaries under brands Mortgage Intelligence and Mortgage Next.

Sally Laker, Managing Director of Mortgage Intelligence, said: "We are delighted to be already seeing the benefits of being part of Countrywide. 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."

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.

Nigel Stockton, Financial Services Director at Countrywide who was instrumental in negotiating the acquisition of Mortgage Intelligence said: "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."

Leading independent providers Slater Hogg Mortgages Limited and Hurst Independent have been confirmed as the first two Appointed Representatives to be joining the Mortgage Intelligence network as the network looks to continue to grow its network of Appointed Representative and Directly Authorised members.



[1]  Mortgage Applications, Dec 2010 - February 2011 vs March 2011 vs May 2011

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