One of the most interesting developments from the software sector this year has rather crept up on the mortgage market. While a lot of the focus has been on the sourcing systems and online trading facilities available from specialist providers, one of fastest growing areas has been in companies' customising or 'white-labelling' this mortgage sourcing and compliance software as their own.
There are now a lot of these systems currently operating in the market under the branding of brokerages, clubs and networks, and the majority of these white labels have been released in the past 12 months. This white labelling approach means that not only has the brand of the software provider been separated from the core functionality but also that bespoke versions can now offer a competitive advantage to principal firms looking to attract appointed representatives. If we compare this to the old adage that you could have 'any Ford as long as it was black' or any software as long as it was ...
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