Company

5 Big Wins for 2023 (so far)

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1. Growth & Scaling 📈

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In the first six months of 2023, we have seen explosive growth of our user base and usage of our platform. Against a backdrop of dropping volumes and approvals in the mortgage market, Acre saw over 400% year-on-year growth in mortgage volume, and we’re thrilled to have helped our 10,000th family get the protection they need in a protection-only case. This a huge validation of the work we’re so passionate about, and we’re setting our sights high for the rest of the year.

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Back in April we were hugely excited to announce that we secured £6.5 million in funding, putting us in a really strong position to continue onboarding new users rapidly, rolling out new partnerships with not only clubs and networks, but also lenders and insurers. Not to mention delivering ever more helpful software for our customers. You can read the press release here

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2. New Features 🎁

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In just the first half of this year, we’ve built a range of new exciting features for our mortgage broker software to enhance efficiency and streamline processes. These include:

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New Sourcing & Affordability: Our best-in-class mortgage sourcing engine has just gotten better, stay tuned for a full blog post on all the new enhancements we’ve made to sourcing, including building our very own Affordability system to deliver the most accurate affordability information in the market, directly in your sourcing results.
Secure Client Messaging: Designed to drive better communication between brokers and clients, creating a greater client experience and faster applications. Read the blog post
New ways for clients to access their credit reports: Save time for you and your clients by obtaining their credit report through our Client Portal or over the phone using Knowledge-Based Authentication (questions only they’ll know).
Signing Suitability Letters: The mortgage journey is now even smoother with the option to review and sign Suitability Reports in the Client Portal.
Network Enhancements and Productivity Tools: We’re continuing to invest in making Acre the best mortgage CRM software for AR networks. Our recent enhancements and new productivity tools make business operations faster and more efficient as you grow.

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3. Innovative Integrations 🔌

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Acre has forged strategic partnerships and innovative integrations with key industry players, enhancing our overall user experience. Some of our notable recent integrations include:

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Banks: We’ve integrated another top lender, Santander, so brokers can now get DIPs in one click and pre-populate Full Mortgage Applications with Santander in record time. Read the Press release
Uinsure: Giving brokers and their clients an even more streamlined and simple way to quote and buy insurance through automatic referrals. Read the blog post
Simplify: We integrated with Simplify to offer brokers and their clients instant quotes for best-in-class conveyancing services with no hidden costs, available directly through Acre. Read the Press release

These integrations, combined with Acre's existing integrations and embedded protection capabilities, empower brokers to deliver more comprehensive and holistic optionality to their customers, meaning even better outcomes for clients.

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4. Industry Recognition 🥳

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The dedication and innovation of the Acre team has not gone unnoticed. We were proud recipients of another mortgage industry award in April and have recently received nominations for others upcoming. Additionally, lots of our clients have shared their positive experiences, highlighting the impact Acre has had on their businesses:

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"Enhancing productivity and efficiency is key to every business, and Acre achieves this with every update they produce!"
"I moved to Acre some time ago and have been thoroughly impressed with their system. It just keeps getting better, which sweetens the relationship!"
"Acre is going to save me so much time in my process."
"I’m a huge fan of what you’re doing here; Acre make a huge difference."
"Very user-friendly, easy to get to grips with, and the accounting tab system is one of the best I've seen."

We have also welcomed some industry leading firms in our growing network of brokers using our platform, including Cornerstone Finance Group and Mortgage Matters Direct!

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5. Exciting Plans on the Horizon 🔭

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All of the above energises us and tells us we’re on the right path. As we move forward into the second half of 2023, we remain laser-focused on driving innovation for everyone in the home-buying journey, providing exceptional services to our amazing users, and empowering mortgage brokerages with the cutting-edge CRM software platform they choose us for. We have lots of exciting developments in the works for the rest of this year and we’d love for you to be on the journey with us (if you aren’t already)!

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Book a demo on www.acresoftware.com/demo or reach out to our BDs to learn more about what’s coming soon and how Acre can help you achieve your business goals.

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Acre is now Score

What's changed?

What's changing is the name and the way we look. Acre is now trading as Score, with a fresh brand identity to match, but everything you rely on stays exactly where it is. It's still the same mortgage all-in-one platform that advisors, firms, and networks across the country already use to grow their businesses, now presented under a name that brings us in line with the wider ClearScore Group.

Why the new name?

ClearScore acquired Acre earlier this year, and we've carried plenty of momentum into life as part of the Group since. Moving to the Score brand is a natural next step, because it brings us in line with ClearScore and reflects the mission we share, which is to make home buying quicker and easier and to help people take control of their financial lives. As our founder and Managing Director Justus Brown has put it, the day-to-day service you receive won't change at all, and bringing our brand together with the Group simply makes that shared mission clearer.

Has the mission changed?

Not in the slightest! We have always been here to make home buying quicker and easier, taking the pain out of the process so that people can get into their homes sooner, and that is exactly what we will keep doing, with a good deal more behind us now to do it well.

Will the service change?

No, it won't, you'll continue working with the same platform and the same people, and your existing contracts and commercial terms stay exactly as they are, still held with the same legal entity, Acre Platforms Limited. Our Customer Success team will keep looking after you just as they do today.

About ClearScore

Who is ClearScore?

The ClearScore Group is a global leader in financial marketplaces, helping over 27 million people access credit, insurance, and other financial products with greater transparency, fairness, and control. It founded its flagship UK credit marketplace in 2015, has since expanded across four continents and into new verticals such as its DriveScore app, and now works with over 200 partners worldwide. ClearScore is profitable, growing, and on a mission to make personal finance clearer, calmer, and easier to understand, and that mission runs right through its culture, along with a genuine belief in giving people more clarity and control over their money.

How do we fit into ClearScore?

We sit alongside ClearScore's other technology platforms, including D•One, its open banking service for lenders, together powering borrowing and home lending across unsecured credit, auto finance, and now mortgages.

What does the change
unlock?

What does joining ClearScore bring?

Joining ClearScore gives us a great deal more room to grow. With their backing, we can accelerate our technology roadmap and bring new AI-powered features to the platform faster than we could before, and we can enrich what we build with ClearScore's proprietary data and insights, getting cutting-edge technology into the hands of mortgage and protection businesses sooner.

What do brokers and firms stand to gain?

For the brokers and firms who use us, it really comes down to growing faster. Drawing on ClearScore's financial power and its UK user base of over 16 million, we can build the features you ask for more quickly and bring more leads into the ecosystem, which gives brokers, networks, and advisors more opportunities to win new business.

Is the business growing?

We're growing quickly, and so are the firms who build their business on the platform. Since the acquisition, we've seen record numbers of monthly mortgage submissions come through Score, and we've more than doubled our revenue year on year, with growth of over 2.5x. That momentum is showing up in our customers' businesses too: firms on the platform are saving each broker around four days a month on application processing, identifying protection needs for 85% of their mortgage clients, and doubling their client conversion rates. Delivering results like these takes serious engineering and serious investment, and with ClearScore behind us we can keep raising that bar at a pace few others in the market can match.

Why build your business on Score?

Because you'll be choosing a platform that is built to last. A lot of new mortgage tools have appeared lately, and many of them are small, pop-up CRMs put together quickly on basic AI, the kind of thing that can disappear just as fast as it arrived. Score is a very different proposition, we are an established, whole-of-market platform that brokers, networks, and advisors across the country already trust with their businesses, and we are now backed by one of the most advanced and reliable fintech stacks in the industry through ClearScore. A proven platform, real investment, and genuine scale mean we can keep powering ahead of newer, lighter-weight tools and keep building for the long term.

Independence and
ownership

Is Acre being absorbed into ClearScore?

No. We operate as an independent business unit within the ClearScore Group, with our full management team staying exactly where they are, and we'll carry on supporting mortgage and protection firms with the same data-driven platform, now with the reach and scale of the wider Group behind us.

Will our advice-first philosophy change?

No. We have always believed that the best mortgage decisions come from high-quality, personal advice, and it is a belief ClearScore shares. If anything, the direction the market is heading only reinforces it, which is why we will stay a whole-of-market platform focused on helping brokers do their very best work for their clients.

Your data

Is my data safe?

Yes, and nothing about the move to Score changes that. Your data, and your clients' data, is protected by exactly the same contractual obligations and technical safeguards as before, and being part of ClearScore does not give anyone new access to it. We will never introduce your customers to a third party without the right consent, and your clients always keep the rights to their own data. If anything, joining a group whose entire business is built on handling data responsibly, and only ever with the user's permission, raises the bar we hold ourselves to.

The best way to see what Score can do is to book a demo, and we'll walk you through the platform and how it could work for your firm. If you'd rather drop us a line, you can reach our sales team at sales@scoremortgage.com, or send any general enquiries to hello@scoremortgage.com.