The Openwork Partnership has announced the addition of MPowered Mortgages to its lender panel.
Its lender panel, comprising of high street banks, building societies and specialist lenders, is designed to meet the growing demand from The Openwork Partnership’s clients for products and services designed to respond to changes in the buy-to-let and residential mortgage markets.
MPowered is a prime residential mortgage lender which uses technology, such as Artificial Intelligence (AI), to improve the mortgage experience for advisers and clients. Its products are aimed at clients looking to buy or remortgage their residential property in England and Wales.
Paul Shearman, proposition director, mortgages & protection at The Openwork Partnership, said: “MPowered Mortgages is market-leading in its use of technology, using the power of AI to speed up and transform the entire process of taking out a mortgage. The combination of a streamlined application process and strong product pricing will support our mortgage advisers and their clients.
“Our lender panel has grown significantly this year, which enables our advisers to offer the best mortgage services from across the industry – our direct panel relationships now account for 96% of all mortgage lending in the UK.”
Matt Surridge (pictured), director of sales at MPowered Mortgages, added: “We are thrilled to join The Openwork Partnership’s lender panel, and to offer its broad network of brokers our prime residential products. Teaming up with The Openwork Partnership will help even more borrowers access, and benefit from, our market leading solutions.
“At MPowered, we take pride in our use of artificial intelligence to enhance the entire mortgage journey, providing more certainty and control to both brokers and borrowers. We look forward to contributing to the growth of their diverse lender panel and to giving customers a wider range of options in a complex mortgage landscape.”