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Mortgage Brain acquires software platform from Enterprise Group

Mortgage Brain has bought the intellectual property rights of the The EdgeV2 software platform from the administrators of the Enterprise Group.

The Enterprise Group announced it had gone into administration last week but Enterprise Finance, the secured loan, bridging finance and commercial broker subsidiary of the Group, is still trading as normal.

All current EdgeV2 users will be offered the original Mortgage Brain sourcing system, or the option to be an early adopter of the All New Mortgage Brain.

EdgeV2 has around 8,000 registered users. Mortgage Brain acquired mortgage 2000 earlier this year.

The All New Mortgage Brain will enable intermediaries to conduct around 90 per cent of the mortgage search and selection process from one screen, conduct multiple client specific searches and generate personalised best buy tables.

Mortgage Brain ceo Mark Lofthouse says: “The Edge has a loyal customer base and we are pleased that this acquisition will allow us to provide them with a way forward by giving brokers a market leading solution in a timely manner.

“As part of the agreement, all EdgeV2 users now have the opportunity to be amongst the first brokers to use the All New Mortgage Brain. Set to revolutionise the mortgage sourcing industry the brand new system is the first and only sourcing system designed to be used both offline and online.”

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