Monmouthshire BS enhances mortgage process with MQube partnership

Monmouthshire Building Society has announced a new partnership with mortgage technology provider MQube. 

The Society will adopt MQube’s AI-powered mortgage origination platform, Origo, to enhance service delivery, cut processing times, and support more borrowers with faster, simpler mortgages.

Using advanced artificial intelligence and real-time data analysis, Origo, instantly reviews a broad range of financial, credit, and property data. This allows Monmouthshire to process mortgage applications far more quickly than traditional methods, cutting decision times from days to minutes.

By asking only the questions that can’t be answered through other data sources, Origo also minimises repetitive document requests and back-and-forth with underwriters.

The platform is already live in the UK with MPowered Mortgages, who introduced the one day mortgage last year.

Will Carroll, CEO at Monmouthshire Building Society, commented: “At Monmouthshire Building Society, we’re committed to using technology to deliver better outcomes for our members. Borrowers today expect not just great service but also speed and certainty and we’re determined to deliver on all fronts. Our partnership with MQube gives us access to cutting-edge technology that will help us simplify the mortgage journey while reducing costs and risk. It’s a key step in our ongoing journey to be a modern mutual that truly puts members first.”

Stuart Cheetham, founder and CEO of MQube, added: “We’re thrilled to welcome Monmouthshire Building Society to the Origo platform. As more lenders embrace AI and automation, it’s great to see a forward-thinking mutual leading the way. Origo is already powering faster mortgages at MPowered and we’re excited to help Monmouthshire bring those same benefits to their customers and brokers. We look forward to supporting them on their journey and continuing to help reshape the mortgage industry for the better.”