Mortgage Brain has announced that it has acquired Mortgage Engine.
The mortgage technology expert confirmed that the deal will not impact to any customer of either business following the acquisition.
Managing director of Mortgage Engine, Cloe Atkinson, will join the senior team at Mortgage Brain reporting directly to CEO, Zahid Bilgrami.
Over the coming months, Mortgage Brain revealed it will fully integrate the existing lenders supported by Mortgage Engine onto its multi-lender application and submission gateway, Submissions Brain, bringing technical teams together across both businesses.
“Our vision is to transform the distribution of mortgages in the UK,” Bilgrami commented. “We will create the industry plumbing that ensures lenders are able to connect to multiple distributors and aggregators and allow distributors greater ease and efficiencies to integrate with lenders.
“The combination of the technologies of both businesses helps lenders connect to the market in an efficient and cost-effective manner. It also ensures that end-users and ultimately consumers can benefit from a consistent user experience, as well as greater certainty earlier in their application process.”
Atkinson added: “I am excited to be joining Mortgage Brain and working with the executive team, combining the existing technology that we have developed here at Mortgage Engine over the last four years alongside the solutions that Mortgage Brain already offer. This combination provides the ideal platform to drive change in the UK mortgage market for all parties.”
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