MBT saves brokers 100,000 hours already in 2021

24 February 2021

Mortgage Broker Tools (MBT) has already saved brokers almost 100,000 hours in 2021, by carrying out vital affordability research on their behalf.

Since the start of the year, MBT Affordability has completed a total of 3 million lender affordability searches, with each saving an average of 2 minutes compared to carrying out individual calculations on the lender websites.

This means that the platform has saved brokers a cumulative total of almost 100,000 hours – the equivalent of 45 years – since 1st January 2021.

Tanya Toumadj, CEO at Mortgage Broker Tools, said:

“100,000 hours is such a large number, it’s almost difficult to comprehend. But it demonstrates just how many different lender options there are when it comes to finding the right affordability match for a client, and how long it would take brokers if they were to carry out this level of thorough research without the assistance of technology. Brokers are experiencing record levels of enquiries at the moment and under pressure to meet tight deadlines, so any time saved can be well-invested elsewhere.

“Fortunately, platforms like MBT Affordability are available to take the strain – crunching the numbers, cross-checking criteria and delivering results from many dozens of lenders within seconds. When it’s possible to save so much time and deliver better customer outcomes, it’s hard to think why brokers would research affordability in any other way.”