Mortgage Brain has announced that Mark Lofthouse plans to retire in 2021 after 19 years as CEO.

Lofthouse joined Mortgage Brain in 2002, when the company was a single niche product provider, and has developed, adapted and grown the business during his time as CEO.

Through his leadership, coupled with Mortgage Brain’s proactive investment strategy, the business now has more than 25,000 active users with the majority of UK advisers using one or more of the company’s systems.

Neil Wyatt mortgage brain Affordability Hub

Advisers make checks worth £10bn through Mortgage Brain’s Affordability Hub

Mortgage Brain has also built relationships with all UK lenders, and has delivered a mortgage trading platform, APIs, online sourcing, a consumer app, Amazon Echo Skill and a CRM Client Portal for mortgage advisers.

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

“Advisers, lenders and the industry have hugely benefited from the technology advancements that Mortgage Brain has made over the years.

“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.

“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.”

Lofthouse said: “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.

“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 whole heartedly for their support during the last 19 years.”