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Source: Acre
Acre, the new end-to-end mortgage intermediaries platform digitally transforming mortgage advice, has been selected by PMS, the UK’s leading mortgage club and part of Sesame Bankhall Group, to be a preferred technology partner for directly authorised advisers.
From today, more than 6,000 mortgage advisers placing business through PMS can have free access to Acre’s platform for a period up to 30 June 2024.
Brokers, who make up 75% of UK mortgage transactions, often have to re-key data, or work with disjointed technology that sees them unable to match the speed, price and end-user experience of newer, digital first entrants. Acre’s platform aims to deliver a seamless, simpler homebuying process that provides mortgage brokers with significant productivity gains and increased revenue growth.
As the UK’s leading mortgage club, PMS is committed to promote and partner with new, innovative technologies that improve the way members’ businesses operate. This new arrangement with Acre provides free access to one of the most exciting new tools for mortgage brokers.
Acre’s proprietary technology supports mortgage journeys in their entirety – from lead capture and fact finding to research, recommendation and application. Acre’s ability to pull data from 45 external sources allows it to create individual, unchangeable records that brokers use to better understand each client’s needs. By eliminating the need to re-key data and automating compliance, Acre facilitates one-click mortgages that accelerates the lending to qualified borrowers.
Richard Howells, Chief Operating Officer, Sesame Bankhall Group, said: “We support around 25% of mortgage advisers across the UK and are constantly championing their evolving needs. Acre’s technology is designed to transform the mortgage application process, drive business efficiency and create advice capacity to help serve more clients.”
Justus Brown, CEO/founder of Acre Software, added, “We are thrilled to have the recognition of PMS as we look to improve current broker processes and boost their deal conversion rates as the property market continues to thrive. This arrangement with PMS means we can provide brokers with innovative technology that reduces the time it takes for clients to get their dream home. It is a major milestone for Acre to be recognised by the UK’s leading mortgage club. Over the course of 2022, we will be significantly growing our presence in the market as we look to partner with key tech and mortgage players in the market, including PMS. With continued acceleration of the business, Acre’s ambition is to have 5% of UK home purchases to benefit from Acre’s platform by the end of 2022.”
Commenting on the decision to use Acre, Neil Batho, principal of Pinsa Wealth said: “We were considering a few other systems when we were offered the possibility to beta test Acre. After we tested it, it became a no-brainer to move across. It was easy to use and the whole Fact Find was great. The amount of information you can all have in one place is extremely valuable. Furthermore, it includes both the CRM and sourcing which is really what we wanted.”
Since commercially launching in 2021, Acre has grown rapidly and processed more than 3,500 mortgages worth £650million in lending in the last six months.
Financial Services
