- Nottingham Building Society, also known as The Nottingham, has partnered with software vendor MQube to enhance its mortgage lending processes.
- The UK Building Society, founded in 1849, will leverage MQube’s AI-driven mortgage origination platform, Origo, to automate the underwriting process.
- This collaboration aims to provide a faster lending service, mitigate risks, and reduce costs.
- The adoption of MQube’s technology is part of Nottingham’s strategy to evolve its mortgage proposition and support a broader range of borrowers.
- MQube’s Origo platform utilizes AI and machine learning to assess approximately 20,000 data points in real time, enabling lenders to process mortgage applications in minutes rather than days or weeks.
- The fintech is also in discussions with other building societies and banks for potential implementations of its Origo platform.
