The creation of Twenty7Tec Group in 2014 was backed by a technology focused venture capital firm that invests in disruptive and transformational technology businesses across a wide range of industries.
After forming a collaborative partnership with Mortgage Advice Bureau, an AIM listed business and now a cornerstone client of the Group, Twenty7Tec launched its first mortgage sourcing system, MortgageSource, in September 2014.
Through 2015, major advice Networks such as Homeloan Partnership and Personal Touch FS become key clients of MortgageSource, resulting in total user numbers exceeding 2,000 Intermediaries for the first time. The addition of secured and bridging loan sourcing to MortgageSource in mid 2015 helped Twenty7Tec become the No.1 provider of specialist product sourcing to the mortgage, secured and bridging loan markets.
As well as a continued increase in user numbers, 2016 saw the release of SourceInsight, a unique data analytics portal that enables Lenders to analyse trends in both end client and Intermediary lending requirements, as well as the development of MortgageApply, a web based common mortgage application submission portal, designed to seamlessly connect Intermediary and Lender systems.
In 2017, in partnership with Legal and General Home Finance, the company added Equity Release sourcing to its solutions, whilst Intermediary user numbers exceeded 6,000 for the first time. Finally, in 2018, the first Lenders went to integrate fully with MortgageApply, once again delivering a true industry first.
With strong financial backing and an experienced Board of Directors, Twenty7Tec Group is uniquely positioned to support both Intermediary and Lender focused organisations as the digitalisation of the mortgage process continues to evolve.
MortgageApply is a very important milestone in an exciting journey for us all, and I am delighted that MAB will be first to benefit from the integration with these lenders
Peter Brodnicki - CEO, Mortgage Advice Bureau
At Legal & General, we needed a partner that was equally dynamic and understood that retirement lending needs to meet these challenges: Twenty7tec was clearly that partner. It is a fantastic advancement to highlight the value of lifetime mortgages in this manner.
Steve Ellis - CEO, Legal & General Home Finance
By selecting Twenty7Tec, we feel we have given our members an accurate mortgage sourcing solution which in turn, helps manage client expectations and reduce an adviser’s time referring to underwriting guides or on the phone to Lenders.
Chris Tanner - CEO, HLP