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                            Mortgage Intelligence

                     Network History and Information

Mortgage intelligence was founded in 1996 as a mortgage club and initially offered

lead generation to its members, in 1997 they were purchased by Close Brothers Group.

Mortgage Intelligence then became a dedicated mortgage network in the run up to

Mortgage Day in 2004 while still servicing the Directly Authorised market.

October 2008 - Mortgage Intelligence announces pre tax profits of £1.5 million in the year ending 31st July 2008.

August 2008 - A restructuring of the network due to the UK’s difficult trading conditions has forced the network to make 18 staff redundant.

April 2007 - Mortgage Intelligence boosted commercial mortgage enquiries by £70 million following a series of workshops for it’s AR’s.  Sally Laker, managing director of Mortgage Intelligence confirmed that the network planned to run more workshops in the future.

March 2005 - Mortgage Intelligence launched an online marketing support service for it’s AR’s allowing them access to templates of marketing materials and an instructional brochure advising them on how to increase their effective marketing.

July 2004 - A deal is brokered between Mortgage Intelligence, Mortgage Next and Pink Home Loans to share exclusive direct to lender products.

In 2009 there was a change in ownership of Mortgage Intelligence which saw Mortgage

Next join the Mortgage Intelligence Group under Mortgage Intelligence Holdings.  The

alliance allows the economies of scale and more cost effective management of the businesses.  The previous owners of Mortgage Next bought Mortgage Intelligence but kept the management structure of Mortgage Intelligence to form a duel branded operation.  It was emphasised that the two brands would retain their own identity and the advantage of having the two brands would be to enable the company to widen its appeal to a much greater cross section of brokers.

Ownership of Mortgage Intelligence is now interesting.  European Financial Solutions (EFS) who are now the owners of Mortgage Intelligence are part of JZ International, which are the European affiliate of private investment firm The Jordan Company, based in New York.

Sally Laker is the Managing Director of Mortgage Intelligence Holdings over-seeing both brands of Mortgage Intelligence and Mortgage Next. She is a high profile industry commentator and can be seen passing comment in many industry publications. With a career in Financial Services spanning over 30 years, Sally started life at Royal Insurance moving to Norwich Union and then Provincial specialising in their mortgage clubs.  Sally then Joined Mortgage Intelligence in 1996 and became Managing Director in 2000 taking up the overall running  of the company when the founder of Mortgage Intelligence, Steve Royal stepped down as Chairman in 2001.

The headquarter address is:

Mortgage Intelligence

Roddis House

12 Old Christchurch Road

Bournemouth

BH1 1LG

Mortgage Intelligence Appointed Representatives’ at the time of writing are numbered at 108 according the Financial Services Association register, putting them in the top ten mortgage networks in terms of numbers of firms.

April 2011

Mortgage Intelligence were purchased by Countrywide but will be run independently of the companies 650 existing mortgage brokers.  This is generally regarded as a good move and will provide the network with considerable financial stability

WARNING

Make sure you get the best deal.  Before contacting any Mortgage or Financial Services Network, allow us to provide you with free independent advice on the suitability of a network for your business as well as possible alternatives.  Remember a few percentage commission points, a larger range of products or better support can make a huge difference to bottom line profits.

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