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Digital broker platform bringing end-to-end solution to the mortgage application process
Online mortgage broker
NVM co-led a £3.25 million equity investment in February 2018
Mojo Mortgages has developed a sophisticated technology platform which allows customers to undertake a full market comparison of mortgage providersand their products and to complete the entire process seamlessly from initial application to completion. Mojo provides a whole market solution, comparing mortgages from more than 90 lenders. Its technology facilitates free advice within 15 minutes, before handling the entire application process, enabling customers to make an informed decision, whilst reducing the complexity and time it takes to get a decision. The Company’s recommendations give customers more certainty around eligibility and ensures they get the cheapest deal now and in the future. Mojo will continue to build upon its suite of APIs – enhancing its online mortgage journey and automated decision making to enable an end-to-end experience for its customers and strategic partners.
The mortgage market is well established but an estimated 40% of the 12,000 mortgage brokers in operation in the UK do not have a website. Mojo has identified a gap in the market for the more digitally fluent demographic, a key target customer for Mojo, who are increasingly managing many aspects of their finances online.