Spring Finance has partnered with Optalitix and LendingMetrics to launch a technology-led origination system. Optalitix Originate will provide Spring’s mortgage origination platform while LendingMetrics will provide an integrated decision engine. The collaboration will enable Spring to fully automate the decision in principle and application process, using data from credit reference agencies, affordability models and other third parties.

Mansfield Building Society has cut the rates on its credit repair and versatility mortgage ranges by up to 0.4%. The society’s two-year fixed rate versatility product up to 80% LTV has reduced from 6.79% to 6.39%, while its fixed rate versatility product to 85% LTV and its fixed rate versatility plus mortgage to 80% LTV now both start at 6.79% for the first two years. These product ranges can accommodate limited employment history, unusual property types and the self-employed from just one year’s accounts.

Fintel IQ has appointed Paul Chedzey to the newly created role of chief sales officer. Chedzey has previously held senior sales and client management roles at Iress, Dynamic Planner, and Inteliflo. Fintel IQ, which launched in May this year, has been designed to help large intermediary businesses manage their advice and regulatory processes through a single connected technology platform.

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