Mortgage Broker Tools launches MBT Analytics

Mortgage Broker Tools has launched MBT Analytics – a unique platform that gives lenders live insights into the affordability environment.

MBT Analytics provides lenders with a bespoke data-driven interactive dashboard to help them improve their understanding of the affordability calculations of their competitors and to benchmark their own position.

With MBT Analytics, lenders can view market trends over time, benchmark their affordability calculations against the market, access customer subsegments and run an unlimited number of specific cases through the platform, all using live data from MBT Affordability.

MBT Affordability provides brokers with one easy to use eligibility calculator based on affordability and criteria for more than 40 residential and 65 buy-to-let mortgage lenders and has surpassed 10 million searches to date, carrying out research on mortgage cases worth over £80bn. In September last year, the MBT Affordability Index was launched to provide a regular data-driven profile of the mortgage affordability landscape.

Mortgage Broker Tools launched MBT Affordability in early 2019 and has quickly become an award-winning leader in the sector. Most recently, it was ranked as the Best Affordability Solution for brokers by Smart Money People for the second consecutive time and it also won Best Use of Technology at the Mortgage Finance Gazette Awards 2021.

Tanya Toumadj, CEO at Mortgage Broker Tools, said: “MBT Affordability has become an invaluable tool for brokers to carry out comprehensive criteria-driven affordability research as part of their advice process and we have now processed more than 10 million searches through the platform. This provides a huge amount of rich data that lenders can use to better understand and adjust their position in the market, just as they might do with rate or criteria. MBT Analytics provides a user-friendly window onto that data, empowering lenders to make smarter, more responsive decisions.

“With MBT Analytics, a lender can understand and verify its strengths and gain insights into the impact of making changes to its proposition. So, for example, how many times does it appear in the top five or 10 affordability results for a specific customer segment, what impact will changing its LTV critieria have on its potential business volumes and what opportunities are there to improve its offering to better match customer demand? MBT Analytics takes away the guesswork and enables lenders to make decisions based on real-time data.”