MBS Lending has launched an online mortgage portal for brokers, which it says will speed up applications and allow them to be tracked from a single platform throughout the process.
The lender, part of Melton Building Society, has partnered with fintech Mast to roll out the hub.
It says the new system, “will accelerate the application process for intermediaries and deliver bespoke document requirements for all cases to help improve packaging.
“Intermediaries now have access to a state-of-the-art platform to seamlessly flow through affordability, decisions in principle and full mortgage applications while easily managing and tracking them from one platform.”
The lender adds that the portal allows it to “update products and policy at record speeds without requiring any developer time”.
The platform has been piloted with Legal & General Mortgage Club and Sesame Bankhall, and is now open to the whole of the MBS Lending intermediary panel.
Melton Building Society head of intermediaries Dan Atkinson said: “This is a significant step forward and supports our strategy to simplify and digitise.
“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.”
Mast chief executive Joy Abisaab said: “Our platform will allow them to improve the whole origination process and increase conversions while delivering a top-class service, enabling faster lending decisions.
“We have several exciting features planned and look forward to getting feedback from our users to continuously improve the platform.”
