Nottingham Building Society has partnered with MQube to incorporate MQube’s AI-driven mortgage origination platform into its existing infrastructure.
MQube is the mortgage technology company who owns lender MPowered Mortgages and its platform – Origo – is focused on speeding up the underwriting process.
Origo automates the entire underwriting journey, from application to completion, which will help Nottingham Building Society to provide a faster service, reduce costs, mitigate risks, and make strategic adjustments quickly and effectively.
MQube’s technology team is working closely with Nottingham Building Society to customise the platform, ensuring a “seamless” integration into their existing infrastructure.
Paul Howley, chief technology and transformation officer of Nottingham Building Society, said: “At Nottingham Building Society we’re going through an exciting period of change as we focus on the question of what mutuality means in the modern world. In 2024, borrowers face potentially more challenges than ever before, and we’re evolving our mortgage proposition to ensure we can really have an impact on growing homeownership and supporting a wider range of borrowers.
“To do this we will need to be innovative and embrace new technologies, and our partnership with MQube is a major step on the road to achieving that goal.
“We are confident that this sophisticated new technology-driven platform from MQube will help us better serve our customers by speeding up and smoothing out the mortgage journey. We’re excited by the new possibilities the technology will open up for us and we’re delighted to be working with such an innovative partner.”
Stuart Cheetham, CEO of MQube, added: “We are delighted to be partnering with Nottingham Building Society to help transform their underwriting process. At MQube, we are on a mission to make the mortgage journey better for everyone, by increasing speed and bringing certainty to borrowers faster.
“Our Origo platform is used by our lender firm MPowered, and it is exciting that through this partnership, so many other brokers and customers will be able to take advantage of the benefits it provides. We are delighted NBS has chosen to use Origo and we are excited to be in conversations with other building societies and banks about the benefits our platform can bring to their businesses so that as an industry we can collectively enhance the mortgage experience and improve outcomes across the market.”