Monmouthshire Building Society Adds More Brokers to its New Loans Origination Pilot

Monmouthshire Building Society expanded participation in its MQube Origo loans origination software pilot by adding more brokers and increasing product availability ahead of a full market launch planned for autumn. The pilot began last month with three selected brokers—L&C Mortgages, Elite Independent Mortgages, and MPI—and has since been extended to Lima Money, Watson & Co, Remoo Ltd, Mortgage Advice Bureau, Mortgage Style, Mike Powell Mortgages, and MP Financial Services (Wales). The society reported encouraging early results, including turnaround times for applications taking less than 24 hours from application to offer. Bethan Jenkins, Mortgage Transformation Lead, said the system is being continually adjusted to meet intermediary expectations. MPI adviser Sheldon Martin highlighted the platform’s ease of use and stated that credit information integration streamlines applications for both brokers and clients.