mte continues to increase market share

The Mortgage Trading Exchange (mte), the industry’s only true common trading platform, has increased its market share of all mortgage transactions processed in the UK by 77% in the past 12 months.

Based on a comparison between mortgage transactions processed on the mte and the Council of Mortgage Lenders’ published introducer approvals between the end of Q1 2008 and the end of Q1 2009, the 77% growth in market share clearly shows that the mte has cemented its position as the favoured route for intermediaries to electronically submit mortgages direct to lenders.

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