Masthaven Finance has announced the launch of a new mortgage origination platform, Originate.

The platform, which has been developed in strategic partnership with Optalitix, is designed to streamline the submission and decision process for brokers operating in the specialist mortgage market.

Powered by an integrated decision engine from LendingMetrics, Originate allows Masthaven to fully automate its decision in principle and application process, delivering faster and more accurate lending decisions, allowing brokers to focus on adding value on their service proposition.

The platform has been refined on market feedback before its wider rollout, following a six-month pilot programme with a selected group of brokers.

Despite the automation, Masthaven has confirmed that no case will automatically be declined. Every submission will be reviewed by a real person and referral remain welcome for cases that fall outside of standard criteria.

Director of mortgages at Masthaven Finance, Shelley Stern, said: "We are delighted to be deploying Originate, powered by Optalitix, to our broker partners.

"Through an enhanced decision engine, powered by LendingMetrics, the portal will enhance outcomes for brokers and customers and will improve efficiencies internally, allowing our team to focus on providing outstanding service to our broker partners. The system launch enables us to deliver our wider strategic plans and further support the intermediary market."

Co-founder and director at Loans Warehouse, Matt Tristram, added: "We’re really pleased to see the launch of Masthaven’s new portal, which represents a significant step forward in how cases are managed and progressed.

"The introduction of product auto-decisioning across the full range is another major improvement, providing quicker clarity and allowing us to place business with greater confidence. It also gives a much clearer overall view of each case, making it easier to track progress and manage pipelines effectively."

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