bankingciooutlook
Ice Mortgage Technology : A One-Stop Shop For Mortgage Solutions

Top 10 Mortgage Solution Companies in Europe - 2021

The mortgage tech sector has entered a period of digital transformation. This technological shift has been accelerated primarily by the need to address the challenges brought about by the pandemic and the rise in tech-savvy home buyers. Increasing adoption of API is helping mortgage lenders improve efficiency through workflow automation, ensuring data accuracy, and facilitating regulatory compliance. Other areas that future mortgage tech is focusing on include enhancing efficiency in data collection, collateral valuation, underwriting support, and loan officer communication.

The adoption of ML and AI is helping facilitate the often document-intensive process of applying for a home loan. Using these technologies, the assessment of a borrower’s ability to pay despite lacking credit history data can be enhanced. Blockchain technology also has the potential to play a crucial role in helping the mortgage industry by removing cost and friction from the process, create transaction records that are infallible and incorruptible, and facilitate near-instantaneous settlement. And as more customers rely on online banking, mortgage lenders are capitalizing on clients’ digital footprint by offering a seamless omni-channel experience. Lenders that offer an online experience allows borrowers to get quickly pre-approved, lock in their rate and upload required mortgage documentation.

At this juncture, there are a wide variety of solution providers entering the industry with a set of advanced mortgage tech solutions. To help companies navigate through the best-of-breed mortgage tech solutions in Europe, Banking CIO Outlook has compiled a list of ‘Top 10 Mortgage Tech Solution Providers in Europe – 2021.’ The enlisted organizations apply digital processes to mortgage origination, underwriting, servicing, investment, and other associated business activities. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you Banking CIO Outlook’s, “Top 10 Mortgage Tech Solution Companies in Europe – 2021.”

    Top Mortgage Solution Companies in Europe

  • ICE Mortgage Technology blends technology, data, and expertise to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. It is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance quality and efficiency

    www.icemortgagetechnology.com

  • Mortgage Broker Tools (MBT) aims to provide a holistic platform, featuring comprehensive integrated research for both residential and buy-to-let (BTL).MBT Research solution delivers lenders/brokers with a comprehensive and accurate affordability assessment which leads to more ‘right first time’ AIP decisions. The robust solution saves mortgage advisers time by reducing the cumbersome form-filling and paper works and allows them to focus more on their prime task of advising people. MBT enables advisers to do fast, accurate, and comprehensive affordability research that lets lenders better understand and monitor the affordability differences with their competitors

    mortgagebrokertools.co.uk

  • The company has 12 years of experience in building loan origination software, supporting mortgage and secured loan process—from lead capturing right to applying for the sourced products. Platform’s primary focus is Fintech, payment processing, and loan origination software. The benefit for the clients is that the company is aware of the whole process and can more easily understand what can be optimized and how to optimise it. Platform’s expertise with high traffic web apps helps them to build and optimize landing pages and websites for collecting most of the data from potential leads and put in a client’s CRM. They also have extended experience in doing KYC processes and software for the fintech industry using AI. One of the modules they have developed is extracting client details from their IDs and matching IDs with their selfies

    platform.bg

  • Target Group are a leading provider of Business Process Outsourcing and operational transformation, specialising in the provision of lending, investments and savings services. Over 50 major financial services providers rely on it to manage their lending and investment portfolios including Shawbrook Bank, Goldman Sachs, Yorkshire Building Society, DVLA and Credit Suisse. The company’s specialist third party outsourcing operation provides loan and investment administration back-office services to banks and portfolio owners and is rated as ‘Above Average’ by Standard & Poor’s

    www.targetgroup.com

  • TurnKey Lender has become the leading advocate for embedded lending, providing the only SaaS platform that automates not only all digital lending operations but also all digital lending decisions at every stage of the loan life cycle in real-time for any business. Born out of a vision to evangelize a fundamentally new e-lending approach – Unified Lending Management the duo introduced its state-of-the-art solutions. TurnKey Lender allows companies of all sizes to offer financing to their clients readily using sophisticated technology as the core. The company draws insights from the deep-seated expertise of its founders and steers the curve in credit-risk management and lending automation. With a range of software options embedded in its portfolio, TurnKey Lender is well-equipped to support the nitty-gritty of lending landscape–complex bureau eco-systems, multinational infrastructure projects with intergovernmental funding, peer-to-peer loans, retail-loan types, and many more

    www.turnkey-lender.com

  • MOGOPLUS

    MOGOPLUS

    MOGOPLUS is a ground-breaking FinTech business providing uniquely-secure technology to banks, lenders, and other businesses helping them unlock deep insights into consumer’s true financial profile. MOGOPLUS allows consumers to automatically verify their identity and provide transactional data without divulging their login credentials and passwords to anyone other than their own bank

  • Mortgage Engine

    Mortgage Engine

    Mortgage Engine is the first ever multi-DiP platform that connects lenders to distributors and intermediaries using API technology. Mortgage Engine also offers broker authentication, case tracking and full mortgage applications via the same platform. The company's data services are seamlessly connected to a distributor’s CRM platform – so there’s no re-keying between systems

  • Smartr365

    Smartr365

    Smartr365 provides a technology platform that unites financial advisers and state-of the-art technology to empower better financial decisions and planning for clients. Smartr365 gives clients access to all of their financial data – mortgages/insurance/pensions/investments – in one place. The data is Cloud based, with bank grade security. Data can be updated in real-time, notifying all relevant parties simultaneously

  • Digilytics

    Digilytics

    Digilytics™ aims to drive business value by leveraging its platform. Founded in 2018, by Arindom Basu, the leadership of Digilytics™ is deeply rooted in leveraging disruptive technology to drive profitable business growth. With over 50 years of combined experience in technology-enabled change, the Digilytics™ leadership is focused on building a values-first firm that will stand the test of time. The leadership strongly believes in the ethos of enabling intelligence across the organization

  • DPR

    DPR

    DPR Group is the market-leading provider of technology to the retail and commercial banking sectors; providing software that is used by banks, mortgage brokers and consumers. DPR has been at the forefront of retail finance technology and services for over twenty years. The company started building its product suite in the late 2000’s and today it offers a suite of integrated modules for retail and commercial lending covering the full life cycle of a product (origination and servicing) across a wide range of financial products (mortgages, loans and savings)