Latest addition brings association membership to 65
MPowered Mortgages has become the latest lender to join the Intermediary Mortgage Lenders Association (IMLA) – the trade association that represents mortgage lenders who lend to UK consumers and businesses via the broker channel.
The addition of MPowered Mortgages brings IMLA’s total number of full and associate members to 65, spanning banks, building societies, non-bank lenders, and mortgage service providers.
MPowered Mortgages recently announced the launch of its prime-residential mortgage range, aiming to make the mortgage application process quicker and more certain, using AI, data science and machine learning.
Read more: MPowered Mortgages enters prime residential mortgage market.
Distribution director Emma Hollingworth will be MPowered Mortgages’ appointed IMLA representative and is expected to bring a wealth of industry experience across the UK intermediary mortgage market to IMLA discussions.
“We are delighted to join IMLA, an organisation which brings huge value to both its members and the wider mortgage industry. We are looking forward to taking part in the important conversations driving change within our sector – in particular, when it comes to the role of technology in offering both brokers and their customers a smoother homebuying experience,” Hollingworth said.
“We believe it’s crucial that the industry adopts technology like we have at MPowered to expedite the mortgage process and simplify the mortgage journey for homebuyers. This is more important now that it has ever been given the rapid rise in the cost of living and the expected increase in mortgage rates putting extra pressure on brokers to secure mortgages as quickly as possible for their customers.”
Kate Davies, executive director at IMLA, welcomed the addition of MPowered Mortgages to the association.
“We value the diversity of our membership as we unite to effect positive change within the mortgage industry. We look forward to MPowered Mortgages’ contribution as we continue to work together to create an even brighter future, improving outcomes for our members, the industry and, of course, those whom we all serve, homebuyers,” she said.
