Industry expert Mark Lofthouse to retire in 2021

Mark Lofthouse, chief executive officer at Mortgage Brain, is due to retire in 2021 after 19 years in the company.

Since joining the mortgage technology specialist 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.

Mortgage Brain was built on a reputation of transparency, honesty, fairness and delivery, now offering comprehensive solutions for both advisers and lenders covering the full end-to-end mortgage process.

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 introduced innovations such as; a Mortgage Trading Platform, APIs, online sourcing, a consumer app, Amazon Echo Skill and a CRM Client Portal for mortgage advisers.

Commenting on his retirement, Mark 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.”

He adds: “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 wholeheartedly for their support during the last 19 years.”

Peter Hill, chairman of Mortgage Brain, says Mark’s vision, knowledge and tenacity has ‘delivered immeasurable benefit to both the industry and the company’.

“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.”

He adds: “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.”

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