Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

MBS Lending, Mast to launch mortgage application portal

mortgage application

The portal provides the society with internal tools to modify and update products and policies without requiring any developer time

MBS Lending has partnered with fintech Mast to launch an online application portal for mortgage applications. MBS Lending is a subsidiary of the Melton Building Society.

After a successful pilot with Legal & General Mortgage Club and Sesame Bankhall Group, MBS Lending has opened the platform to the whole of its intermediary panel.

The portal provides the society with internal tools to modify and update products and policies without requiring any developer time.

Dan Atkinson, head of intermediaries at the Melton Building Society, said: We’re committed to continually improving our service to intermediaries so we’re very excited to deploy the Mast broker portal for MBS Lending.

This is a significant step forward and supports our strategy to simplify and digitise, he said. The switch from a paper-based application system has been smooth, with the Mast team onboarding us in record time and rapidly turning around feature requests and improvements.

Having the platform run and maintained by Mast enables us to focus on offering the best service possible to our intermediaries and customers, he said. This also means we can save costs and get the latest features as soon as they’re released.

Joy Abisaab, chief executive at Mast, added: We are very excited to work with the Melton Building Society and we are impressed by how forward thinking they are in understanding the increasingly crucial role of technology in mortgage origination.

Our platform will allow them to improve the whole origination process and increase conversions while delivering a top-class service, enabling faster lending decisions, he said.

He said: We have several exciting features planned and look forward to getting feedback from our users to continuously improve the platform.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.