Mortgage Magic, a hot new fintech startup recently launched at the Finance Professional Show in Olympia London, held on 6th November, 2019, aiming to give the traditional UK mortgage industry a much deserved overhaul.
In an era of “fintech” and rapid technological development, it is fair to say the UK mortgage market is one of the few industries that has remained largely untouched by innovation. While other sectors have embraced new technology, the end-to-end mortgage and home buying experience is still slow and archaic. The mortgage process involves many parties in the process, each with their own challenges caused by legacy technology. The current solutions are antiquated and simply do not offer the flexibility that consumers have become accustomed to in almost every other business sector.
The Mortgage Magic platform is the brainchild of seasoned UK Financial Advisers and specialist mortgage brokers who have come together with tech gurus from Silicon Valley to deliver a complete tech platform to finally solve the problem of an inefficient, slow and labour-intensive set of steps, each with its own separate software and processes, that brokers in the £1.4 trillion UK Mortgage Industry are burdened with when processing mortgage applications. The Mortgage Magic platform provides a streamlined, cost-effective and time-efficient solution with easy-to-use mobile apps.
The platform is on-boarding selected intermediaries all over the UK. Onboarding requests and more information can be found at www.mortgage-magic.co.uk