Mortgage Brain has announced that Mark Lofthouse plans to retire in 2021, following 19 years as CEO.

Lofthouse joined the mortgage technology expert in 2002, when the firm was a single niche product provider, and has developed, adapted and grown the business in his time since.

Mortgage Brain now has more than 25,000 active users with the majority of UK advisers using one or more of the company’s systems.

The mortgage technology expert has also created relationships with all UK lenders and delivered several industry firsts during the last two decades, which includes its mortgage trading platform, APIs, online sourcing, a consumer app, Amazon Echo Skill and a CRM Client Portal for mortgage advisers.

Lofthouse commented: “It has been a privilege to lead the Mortgage Brain family for almost two decades and experience firsthand the benefits that our technology has brought to our customers. I’ve thoroughly enjoyed working alongside so many gifted people and rising to the challenges and opportunities that have faced us through the years.
 
“The executive team, management and colleagues at Mortgage Brain are exceptionally talented and well placed to successfully meet and exceed expectations in the future as the technological transformation continues as we adapt to the new world around us.”
 
Mortgage Brain chairman, Peter Hill, added: “Mark’s vision, knowledge and tenacity has delivered immeasurable benefit to both the industry and the company. Advisers, lenders and the industry have hugely benefited from the technology advancements that Mortgage Brain has made over the years.

“Mark will leave Mortgage Brain secure in the knowledge that it will continue to meet and deliver leading edge, industrial strength technology for the benefit of the mortgage industry.”

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