The Exchange and Mortgage Brain announces integration

The new integration will enable users of Mortgage Brain’s :broker sourcing and electronic trading service to link directly into The Exchange’s quotation and transaction services on the Exweb portal, building on the link that already exists for some customers.

The latest developments give Mortgage Brain’s 22,000 users seamless integration with The Exchange’s quotation and transaction services, which are the most comprehensive in the market in terms of number of products and providers covered, thereby improving cross-selling opportunities. Client data can now be automatically transferred from :broker into the quotation services, saving mortgage brokers a significant amount of time and effort.

The new link will be made available immediately to all direct users of :broker and where the system is 'white labeled' this is a configurable option. There is no additional charge for the integration which is available to all Exweb users who need only enter their username and password to access the link service.

The new integration is part of the strategic alliance formed between the two companies in September 2003 to integrate their services in order to provide IFAs and mortgage brokers with access to an integrated trading platform that covers all major product areas.

Mark Lofthouse, chief executive officer at Mortgage Brain, comments:

“We believe this latest integration between :broker and Exweb will give advisers a significant competitive advantage by reducing the time it takes to research the market and buy financial products electronically, hence improving the service they can provide to their clients.”

David Child, managing director at The Exchange, comments:

“This enhancement reflects our commitment to providing the most comprehensive service to financial advisers, enabling them to access a broad range of products and rapidly and accurately source these for clients.”