Melton Building Society has partnered with Mast for its loan origination infrastructure, as it continues on its digitisation journey.
Mast’s software-as-a-service origination platform will enable the society to improve its underwriting capabilities, react quickly to changing market conditions and offer the best possible service to its brokers and customers.
Melton BS also selected Finastra Essence, a cloud-first, digital banking solution, for its core platform and Fairmort, a provider of software solutions for financial services, to manage its data migration and regulatory reporting.
Simon Taylor, chief executive officer at Melton Building Society, said: “Our vision is to build a modern mutual Society that keeps pace with the demands of our members, and digital transformation plays a critical role in this.
“Choosing Mast as our origination solution is a significant step in the Society’s future, enabling us to revolutionise our application process, improve efficiencies and become more agile.”
Joy Joseph Abisaab, CEO at Mast, said: “The fact that Melton Building Society assessed the market and chose to upgrade and deploy the Mast platform for its full lending operation is a testament to the robustness of our product infrastructure and the promises we’ve kept and delivered since day one.
“Our software has been built from the ground up to be self-service and to streamline all aspects of the mortgage origination process, from submission to completion, while giving lender users the essential tools to help them accomplish their tasks quickly and efficiently.”
