New IA Mortgage Lender Joins Legal & General Mortgage Club

MPowered Mortgages is part of the mortgage technology company, MQube, and offers a range of specialized buy-lease and portfolio products.

Its addition to the Mortgage Club comes after Habito, West One Loans and Molo Finance announced their memberships earlier this year.

MPowered Mortgages uses advanced AI and deep learning technology to gather and analyze data for advisors. Lenders said it helped minimize delays throughout the mortgage application process and removed unnecessary and repetitive steps from the application process.

This has helped improve the overall customer experience.

The addition of MPowered Mortgages to the Legal & General Mortgage Club lender panel will bring the total to over 112 different bank and non-bank lenders.

Emma Hollingworth, Director of Distribution at MPowered Mortgages, said: “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 customers.

“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. “

Danny Belton, Head of Lender Relations at the Legal & General Mortgages Club, said: “We are very pleased to welcome MPowered Mortgages to our panel.

“This is a new entrant in the market, but one which uses cutting-edge technology to develop our market.

“Since the onset of the crisis we have seen how technology can help our industry and it is great to offer these products to advisors because in today’s active mortgage market the ability to quickly and efficiently take loan decisions will help counter the delays. ”

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