Acre’s sees broker adoption and mortgage volume grows 400% in the first half of 2023
Acre, the all-in-one intermediary platform, has today reported a sharp increase in mortgage volume on the platform in the first six months of 2023 and helped its 10,000th family get the protection they need on a protection-only case.
Against a backdrop of a mortgage market with dropping volumes and approvals, this growth reflects an over 400% year-on-year growth in mortgage volume for Acre. With growing interest in Consumer Duty driving firms to think more about compliance and their protection strategies, Acre is cementing itself as the broker’s intermediary platform of choice by using data and tech to deliver change to the mortgage process.
Brokers are seeking better, tech-led approaches to improve efficiency, support greater lead conversion and build stronger relationships with both new and existing clients. Acre’s continues to enhance the platform, giving brokers the quickest and simplest path to mortgage approval. These include introducing new best-in-class affordability and sourcing capabilities to make matching the case to mortgage products easier, strengthening accounting to support network and self-employed scenarios and enhanced reporting.
Such tech developments have helped Acre’s brokers do more business than ever before. Married with Acre’s low touch product referrals for conveyancing, general insurance and wills, alongside integrations with common network and IFA back end systems and marketing tools, the platform acts as the single tool to underpin a broker’s entire mortgage process and deliver the right products for clients - first time, every time.
Acre’s ability to bring groundbreaking technology to the mortgage and protection market shows no signs of slowing for the remainder of 2023. Looking forward, Acre expects to expand its mortgage club and network partnerships, while also adding new tech and data capabilities to help brokers have a different type of discussion with clients about buying a home and preventing foreseeable harm. Acre also plans to extend its client portal beyond the current consumer credit report to allow credit report refreshes, giving the homebuyer a place to monitor their entire financial wellbeing.
Justus Brown, CEO and founder of Acre, said;
“The mortgage industry is creaking under the strain of the ever-changing housing market. Brokers need to be savvy in minimising the pain homeowners face when looking for a new mortgage or remortgaging. Resilience comes down to having the right information and acting swiftly. Our technology makes that possible and it is wonderful to see the market respond so well to what we are trying to achieve. Our focus for the rest of the year is how we can make brokers work simpler, easier to stay accountable and, most importantly, not put clients at any unnecessary financial risk.”
George Williamson, Director and advisor at Mortgage Advice Brokerage added;
“The Client Portal in Acre has been a game changer for us and our clients, especially the Credit Reports that auto-populate into the CRM and then into Sourcing, without us having to type anything - this makes it so much easier and accurate"