The mutual aims to extend its reach beyond the conventional borrower profile by using MBT's mortgage research technology
Nottingham Building Society has announced a new partnership with mortgage research platform Mortgage Broker Tools (MBT).
The collaboration aims to leverage MBT’s mortgage research solutions to enhance Nottingham’s operations. By incorporating MBT’s technology, Nottingham intends to streamline processes, boost efficiency, and expand the range of options available to brokers.
With MBT, the mutual aims to expand its reach beyond traditional borrower profiles, improving its ability to connect with individuals with unique financial needs or those falling outside conventional lending criteria.
MBT offers brokers a user-friendly platform to compare lenders’ eligibility in terms of affordability, criteria, products, and service levels for both residential and buy-to-let mortgages. It has over 5,500 monthly active brokers processing 60,000 mortgage cases monthly, amounting to £12 billion.
“Our brokers and BDMs have eagerly anticipated The Nottingham’s presence on MBT, so we are proud to make that a reality,” Matt Kingston (pictured left), national sales manager at the Nottingham Building Society, stated.
“We have made some significant enhancements to our residential affordability in the past 12 months, and early indicators from MBT data is very encouraging with a higher proportion of customers meeting our affordability than the industry average. It’s fantastic to partner with an innovative company like MBT.”
Tanya Toumadj (pictured right), chief executive at Mortgage Broker Tools, said they were thrilled to welcome Nottingham Building Society to their panel of lenders.
“As the mortgage market continues to evolve, our partnership aims to provide brokers with even greater choice and options,” she added. “Having The Nottingham on board is a real boost to our offering.”
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