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Best mortgage tech for brokers 2024

ended 20. August 2024

As brokers, what's the tech/AI/software that has been helping you the most in 2024, and really adding value? This could be tech provided by lenders, conveyancers, third parties that help you keep on top of rate changes or communicate with clients, or any other tech that helps you in your day-to-day work and generally streamlines/speeds up your work processes? Who's ahead of the curve and really improving your workflow and client outcomes (and reducing headaches)? Also, is there any tech that you think's missing that should be there? If so, what? Any thoughts, whizz them across before Monday 9am.

3 responses from the Newspage community

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Michelle Lawson
Director at Lawson Financial
The problem with software as there is so much available and it is almost out of date when launched. There is a real void for an outstanding CRM and decent sourcing software with centralised data for buy to lets. There is a massive cost involved to keep this all updated. In some ways, it needs to be stripped back to being simple rather than layered and too complex. Everyone is in the game now which is diluting offerings but nothing is particularly well connected.
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Patricia McGirr
Founder at Repossession Rescue Network
2024 has got to be the year where AI meets industry innovation. Key tech includes real-time rate platforms like Twenty7Tec and Mortgage Brain, coupled with open banking tools such as Credit Kudos for accurate affordability checks. Automated document management systems like Digidentity, which reduce admin time means brokers can spend quality time building customer relationships. Communication tools like WhatsApp Business and HubSpot have contributed massively to client engagement, while compliance software such as Aprao has boosted due diligence and regulatory adherence. Amongst all the innovation there’s still room for integration of different functions to optimise workflows and avoid duplication. Whilst tech is the way forward, joined up processes are still not there yet.
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Dr Konrad Rotthege
Co-founder at Conveyo
Conveyo is redefining the property transaction process with its AI-powered property transaction platform. With Conveyo, property transactions are being completed in as little as four weeks, a stark contrast to the industry average.

Acting as a central hub, Conveyo connects mortgage brokers, solicitors, and clients, streamlining communication and ensuring everyone is kept in the loop.

By automating mundane tasks, the platform dramatically reduces turnaround times, taking weeks off traditional conveyancing timelines.

Instead of waiting for solicitors to complete paperwork, Conveyo handles the administrative heavy lifting in minutes. This allows solicitors to focus on complex legal matters, ultimately speeding up the entire process.