Mortgage Brain Statement - Mark Lofthouse to retire in 2021

01 September 2020

Mortgage technology expert Mortgage Brain has announced that Mark Lofthouse plans to retire in 2021 after 19 years as CEO.

Since joining Mortgage Brain in 2002, when the company was a single niche product provider, Mark has developed, adapted and grown the business through innovation to meet and support the needs of the industry. Built on a reputation of transparency, honesty, fairness and most importantly delivery, Mortgage Brain now uniquely offers comprehensive solutions for both advisers and Lenders covering the full end to end mortgage process, and its 120 people affectionately refer to themselves as the ‘Mortgage Brain family’.

Through Mark’s leadership coupled with Mortgage Brain’s proactive investment strategy, Mortgage Brain now has over 25,000 active users with the majority of UK advisers using one or more of the company’s systems. Mortgage Brain also has relationships with all UK lenders and during the last two decades has delivered more Industry firsts than any other technology company with innovations such as; a Mortgage Trading Platform, APIs, online sourcing, a consumer app, Amazon Echo Skill and a CRM Client Portal for mortgage advisers.

Peter Hill, Chairman of Mortgage Brain comments “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. The latest transformation of mortgage sourcing through the integration of product, criteria and affordability sourcing is just one example of how Mark’s leadership, sincerity and honourable nature has provided unique innovative solutions. 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.”

Mark Lofthouse says “It has been a privilege to lead the Mortgage Brain family for almost two decades and experience first-hand 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. I wish them all the very best and thank them and our many loyal customers whole heartedly for their support during the last 19 years.”

Drax Executive Limited have been appointed to work with the board to appoint his successor and Mark will retire after a period of handover during 2021.