360 Dotnet, the FinTech software supplier, have announced record breaking figures for Q1 of 2022. Having exceeded £10 billion in total lending for first time with a 20% increase from Q1 2021. Q1 lending increased by an additional £1.8 billion over Q1 2021 and is higher than any other quarter previously.
NatWest sees the biggest increase in lending with +65% overtaking Halifax in the top lender spot for 360 Lifecycle and Santander makes 3rd place with +45%. Sales hit over 45,000 mortgages written in Q1 2022, 20% over the same period last year.
Nadine Edwards, National Account Manager at NatWest said: “We’re delighted at NatWest to see our lending increase by 65% and to currently be the top lender for 360 Lifecycle. We greatly appreciate the continued support we receive from the Mortgage Intermediary Marketplace.”
Lender spread percentages remain similar throughout the past 15 months and show 60-80% lending is still the highest mortgage written LTV.
L&G and Royal London continue to retain the top spot as largest provider for Life & IP policy sales.
360 Dotnet recorded over 12,000 new Client Portal users in Q1 2022 which is a 10% increase from the end of 2021, having reached over 150,000 in total. Over 78,000 FactFinds have been created in Q1 2022 which is 18,000 more than Q4 2021.
Ozgur Unlu, CEO of 360 Dotnet said: “It is fantastic to see groundbreaking figures so early on. We have achieved so much in the past year with our new tools and integrations it is great to see the results. I hope to see these figures increase for the rest of the year so we can have a record breaking 2022.”
David Smith, Strategic Relationships Director at 360 Dotnet said: “What a brilliant start to 2022 for the team and our adviser customers. With a full roadmap of developments still to be released ahead of us, 2022 is on track to be an amazing year. We cannot wait to share these at our inaugural summer user forum.”