Mortgage technology provider DPR announces the acquisition of online mortgage broker Burrow.
As consumer habits change and demand increases for simpler and more streamlined process, DPR is taking significant steps towards driving technological change in the sector. The acquisition of Burrow follows on from the acquisition of eKeeper last year and enhances the Group’s capabilities to help its customers, mortgage lenders and brokers, to transform their multi-channel digital offerings
Dave Patel, CEO of DPR Group, said:
“Burrow’s mission is to make mortgages delightfully digital, offering smart research tools that allow their customers to compare products and explore their options online. This type of innovation is a perfect match for the work we do at DPR.
We look forward to bringing our strengths together to enable lenders and brokers to offer customers a frictionless end-to-end digital mortgage journey.”
I am delighted to say that Burrow’s founder, Pradeep Raman, has joined DPR as Director of Digital Solutions.”
DPR technology now encompasses a core banking platform for origination and servicing that is used by over 40 UK mortgage lenders. The DPR Group also includes eKeeper, a broker CRM system with nearly 3,000 users across the country.
The acquisition is a step towards a clear vision to provide a suite of fully integrated digital applications for customers, lenders and brokers, including:
- Best-in-class on-boarding and engagement for customers, brokers and lenders
- Streamlined application capture and processing, including credit scoring, affordability assessments and eligibility checks
- Integration with Open Banking to streamline income verification and the categorisation of household expenditure
- End-to-end process automation and workflow for lenders and brokers
- Deep insight through comprehensive Business Intelligence
Pradeep Raman, founder of Burrow, said,
“We started Burrow with the aim of making mortgages transparent and convenient for digital natives – the next generation of mortgage customers. We are excited to be joining DPR, a leader in mortgage technology. Together, we believe we can build a fresh architecture for the mortgage market to deliver ease, speed and cost savings to customers, lenders and brokers.”
Dave Patel added,
“The acquisition of eKeeper and now Burrow are the first few steps towards achieving our strategy and have been helped by the investment from Norland Capital last year. We look forward to announcing further exciting news in the coming months.”