Legal & General Mortgage Club has partnered with the newly launched lender, MPowered Mortgages.
Members of the Legal & General Mortgage Club and users of its SmartrCriteria tool can now access MPowered Mortgages’ range of specialized buy-lease and portfolio products.
MPowered Mortgages uses advanced artificial intelligence and deep learning technology to gather and analyze data for advisors to improve the mortgage application process.
The addition of MPowered Mortgages will strengthen the Legal & General Mortgage Club’s lender panel, bringing the total to over 112 different bank and non-bank lenders. Habito, West One Loans and Molo Finance all joined earlier this year.
Danny Belton, Head of Lender Relations at the Legal & General Mortgages Club, said: “We are very pleased to welcome MPowered Mortgages to our panel. It is a new entrant in the market, but one which uses cutting edge technology to advance our market. Since the onset of the crisis we have seen how technology can help our industry and it is great to bring these products to advisors because in today’s active mortgage market the ability to make lending decisions quickly and efficiently. will help to counter the delays.
“We are delighted to be able to offer such a wide range of lenders to advisors and look forward to working with MPowered Mortgages as we continue to expand the range of products available to advisors.”
Emma Hollingworth, Director of Distribution at MPowered Mortgages, added: “Our mission as a company is to ensure that every player in the UK mortgage market has access to the best technology available to help them meet the needs of their clients. clients. Given their leading role in the market, our partnership with Legal & General Mortgage Club, which we are delighted to announce today, is helping us take a significant step towards achieving this goal.
MPowered was built with brokers, not just them, and we are happy to be able to provide additional savings in time and costs for brokers, through this partnership. The Legal & General Mortgage Club shares our vision for a technological future and our commitment to deliver to brokers. “