AIBankingBusiness

Nottingham Building Society taps MQube for AI-powered mortgage origination platform

  • 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.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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