The eXchange is launching an on-line mortgage packaging subsidiary.
Enfinance.com will be available to both consumers and IFAs from October 1.
The service will be able to process mortgage and re-mortgage applications on-line.
The Exchange chief executive Paul Lindsey says: "emfinance.com will be a significant net based business adding value for both consumers and intermediaries. The business will have the benefits of leveraging the eXchange's existing distribution channels and forms an important part of the group's strategy going forward."