MortgageGym will discuss how it promises to revolutionise the mortgage market and transform the way brokers work through a digital marketplace combining robo-and live-broker advice.
MortgageGym is the world’s first regulated mortgage robo-adviser, allowing UK homebuyers to complete their entire application online in 15 minutes through a free, hybrid-advice digital mortgage marketplace, offering eligibility matching within 60 seconds, regulated robo-advice and access to live advisers.
MortgageGym is being brought to market in official partnership with Experian, the global information services group, and is fully integrated with users’ credit files and the credit risk scorecards of 12 of the top 20 mortgage lenders in the UK, which it uses to provide live eligibility matching and mortgage affordability advice.
It is also the world’s first digital mortgage community, which empowers brokers to acquire customers independently, operate a paperless business and remain MMR-compliant through a professional portal called MortgageGym Pro.
The business was formed in 2016 by entrepreneurs John Ingram and David Vertannes. It was authorised by the FCA in February 2017 and is due to launch to the public in the summer of 2017.
On sponsoring the Credit Strategy Mortgage Conference, MortgageGym CEO and Co-Founder, John Ingram, said: “We are excited to partner with Credit Strategy as headline sponsor of the Mortgage Conference in October 2017; a new gathering of brokers and lenders in the UK. The conference is an ideal opportunity to stimulate discussion with lenders and intermediaries about the future of the mortgage distribution.
“The UK’s mortgage application process is ripe for disruption by a technology-driven solution that helps mortgage customers make effective decisions through digital channels in real-time.
“The 2014 Mortgage Market Review (MMR) created a blind spot between homebuyers and lenders resulting in an overall decrease in mortgage approvals. Consumers are frustrated and brokers are overworked using legacy systems.
“MortgageGym changes all of that with a digital, whole-of-market solution that gives consumers visibility of mortgages available to them in real-time. Our digital community advice platform, MortgageGym Pro, accelerates case processing by enabling technology to alleviate the back-office administrative burden demanded by the current regulatory framework.
“We hope that you will attend and we look forward to discussing further ways that technology, artificial intelligence, digital channels and big data can help to transform the mortgage application process.”