MQube launches new AI-powered mortgage platform

MQube has announced the launch of MPowered, a new mortgage platform it has developed alongside brokers.

The data-driven mortgage business said its platform is designed to maximise the benefits of proprietary Artificial Intelligence (AI) technology, to give advisers “speed, certainty and control” over how they offer mortgages.

MPowered Mortgages has been launched as MQube’s own lending brand, facilitated on the Mpowered platform with £2bn in lending capacity for 2021/22. The lending brand is launching into the non-regulated buy-to-let market, offering lending to individual, limited company and portfolio landlords at competitive rates.

The MPowered platform deploys AI and deep learning technology to collate and analyse data for advisers and intermediaries.

MQube suggested that an automated and intuitive application process means a “faster process for advisers and ultimately customers”. 

“Our MPowered platform has been designed with brokers in mind using cutting edge design and data-driven techniques to remove unnecessary, repetitive steps in the mortgage application process,” commented MQube CEO and co-founder, Stuart Cheetham.

“MPowered works alongside brokers to give them more time to spend on the important stuff – customer advice and originating more business.

“We strongly believe in the importance of professional advice in the mortgage industry and emphasise the critical role of intermediaries in enabling better customer outcomes.

“This level of funding is a huge vote of confidence in MQube and for the potential of data-driven mortgages in the future. It is clear that lenders can see the untapped potential of AI and deep learning in the sector in providing better outcomes for customers, advisers and intermediaries.”

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