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Four firms vying for Marlborough Stirling

At least four players are reckoned to be in the bidding for The Exchange technology group Marlborough Stirling.

Technology and IFA group Misys looks unlikely to be one of the contenders but the group looks to be attracting plenty of interest.

The Exchange says it intends to focus efforts on building market share in the mortgage market in the next 12 months.

It has just signed a deal to provide 750 ExWeb licences for one of the fastest-growing mortgage networks to help its brokers sell protection products. Network Data expects this number to rise to 1,000 next year.

Network Data has increased its lead at the top of the table of mortgage networks, with 535 appointed representative firms, adding 288 since M-Day.

The company is followed by Mortgage Next with 146 firms, Professional Partnership Network with 122, Optoma Inter Partners with 76, Enable with 67 and Mortgage Intelligence with 50 firms and around 3,000 directly authorised advisers.

The Exchange says it is also in discussion with another top 10 mortgage network and intends to target others.

Network Data head of sales and marketing Alex Cotton says: “We are confident that The Exchange’s services can add significant value to our members’ businesses and help them run and grow their operations as efficiently as possible.”

The Exchange managing director David Child says: “These arrangements demonstrate the value our quotation and transaction that services can deliver to mortgage networks in a regulated environment and we look forward to supporting the network’s future growth plans.”

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