Broker Feedback On Mortgage Metrics
We have been using Mortgage Metrics for a number of months now, has become an essential piece of our online kit. Ideal for those who mostly work with the high street lenders, so where many lenders have a degree of volume, but the prompts are ideal to keep on top of the frequent change of products for PT's, Remortgages and purchases. I would argue the best £20 a month I spend, just needs to add a few more lenders that it supports.
I’ve subscribed to Mortgage Metrics. It was recommended to me by another broker and I have been using it for about a month. I've been putting some deals on there and I think it’s a very useful tool, especially for checking / double checking whether rates have dropped. It’s very easy in this line of work to miss things that come out, so for the cost versus the time saving, I think it is very useful.
We recently started using Mortgage Metrics following months of frustrating rate changes. So far I am happy with it - it has reduced some of the time we have had to spend on checking for reductions and if/when more lenders are added to the platform then I can only see it become a much-needed tool in our armoury
Don’t use this currently, but have considered it. Would like to see more lenders supported and a pricing plan for larger firms to bulk buy multiple adviser licences cheaper. The main shortfall aside from only 12 lenders is that it only spots rate drops from the existing selected lender, but as advisers we look to check all lenders for cheaper products that may maximise the savings to clients
There is nothing like Mortgage Metrics - we love tech that works for our clients and this is the definition of that. Been using it for a few months and it is invaluable for tracking rates on offered cases and responding to clients quickly. Remove the need to monitor manually and free up the adviser's time to talk to more clients, there is no downside to it. Hopefully, more lenders will come on board in time, but as with all new apps, this will require brokers to use it and force the lender's hands.
In the current market with clients facing substantial rises in their monthly payments, any drop in rates, no matter how small, is a huge relief. Mortgage Metrics gives advisers the ability to monitor this, without having to go through the painful process of manually checking each case. It has saved my team countless hours and helped put our clients in the best possible position.
