Mortgage lenders increasingly use third party IT suppliers

Marlborough Stirling says the findings highlight the growing trend for lenders to "buy in" rather than build technology, with the majority of mortgage lenders who stated they use third party technology providers having done so within the past five years. Of those mortgage lenders currently relying on home grown IT systems, 40% plan to review their point of sale systems provision within the next 12 months. Marlborough Stirling says this may result in an upturn in new business opportunities for specialist third party providers. A further 20% of those lenders intend reviewing their mortga...