Mortgage Trading Exchange set to hit one million mark

The Mortgage Trading Exchange (mte), the industry's only true common trading platform, has announced that the millionth transaction is expected to be processed via the platform within the next few days.

To celebrate such a landmark figure, a luxury weekend for two is up for grabs for the intermediary who processes the millionth transaction - be it a KFI, AIP of Full Application. The lucky winner will be treated to two nights at the prestigious Sanderson Hotel in London, a meal for two at one of the City's top restaurants and £500 spending money.

Mark Lofthouse, CEO of the Mortgage Trading Exchange, said, “Transaction numbers on the mte for the past few months have picked up substantially from the general market lows at the end of last year and current forecasts show that the millionth transaction will be processed at some point during the next couple of days.

“This is clearly an exciting time for everyone involved in the development of the mte; the growth and widespread adoption of the platform has been truly astonishing and we’re looking forward to seeing who’s going to process the millionth transaction.”