MBS Lending, a subsidiary of the Melton Building Society has partnered with new fintech Mast to revamp its technology infrastructure by introducing an online application portal for mortgage applications. After a successful pilot with Legal & General Mortgage Club and Sesame Bankhall Group, MBS Lending is proud to open the platform to the whole of their intermediary panel.
MBS Lending is the first lender to adopt the Mast broker portal which 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 whilst easily managing and tracking them from one platform.
The new platform has been built with both brokers and lenders in mind, enhancing both the broker application journey and enabling streamlined processes for MBS Lending internally, improving efficiency and allowing faster decision making. The portal also provides the Society with advanced internal tools to modify and update products and policy at record speeds without requiring any developer time, freeing more capacity to offer a stellar service to intermediaries and their customers.
Commenting on the announcement, 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. 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. This also means we can save costs and get the latest features as soon as they’re released.”
Joy Abisaab, CEO 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. We have several exciting features planned and look forward to getting feedback from our users to continuously improve the platform.
Note to editors
The Melton Group incorporates the Melton Building Society and MBS Lending Ltd. MBS Lending is committed to supporting customers who have suffered with adverse financial history by helping them to repair their credit file as quickly as possible. They will consider lending to customers who have suffered with missed mortgage payments, defaults and CCJs, bankruptcy, an IVA or debt management plan and repossession.
Mast is a venture-backed fintech building cloud-native mortgage origination software to help lenders increase capacity, reduce costs and strengthen operational controls. Their products allow lenders to operate more efficiently, react faster to changing market conditions, and focus on offering the best service possible.