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PRESS RELEASE
London, UK - October 29th, 2024 - Cumberland Building Society launches new broker portal in partnership with Mast
Cumberland Building Society has announced the launch of its new broker portal in partnership with Mast, designed to streamline the mortgage process for intermediaries on their panel.
This new collaboration with Mast is part of The Cumberland’s ongoing commitment to improving the intermediary experience and follows the successful introduction of its affordability calculator earlier this year. Backed by over 50 years of engineering expertise, Mast’s cloud-native platform is fully configurable and customisable to meet their partners’ needs. After a short implementation period, the Mast platform allows The Cumberland to benefit from seamless upgrades and continuous access to the latest features.
The broker portal offers mortgage advisers an efficient and user-friendly platform for managing client applications. The portal provides brokers real-time access to The Cumberland’s intermediary products, allowing them to easily compare options and select the best solutions for their clients. This new platform goes beyond just the broker portal and also supports the entire mortgage journey—from initial enquiry to application submission and completion—while automating administrative tasks such as document uploads.
Key benefits of the broker portal include:
- End-to-end management: from the initial enquiry through to submission, the portal supports the entire mortgage process, improving efficiency for brokers.
- Automation: administrative tasks, including document uploads, are streamlined, allowing brokers to focus on advising their clients rather than spending time on paperwork.
- User-friendly design: with its intuitive interface, the portal enables brokers to reduce turnaround times.
Grant Seaton, Head of Intermediary Lending at The Cumberland, commented:
“Our launch of the new broker portal represents another milestone in our mission to offer the best possible service to brokers. The ability to reduce the time spent on administration is crucial for brokers navigating today’s market.
“This follows the successful launch of our affordability calculator, which has already made a significant impact in speeding up the mortgage process. We believe the portal will continue to improve broker interactions with us, ultimately helping them deliver faster, more accurate advice to their clients.”
Joy Abisaab, Mast CEO, shared:
“We are delighted to have collaborated with The Cumberland and supported the launch of their broker portal. Mast’s platform is built to drive efficiency in mortgage origination, and we believe this platform will transform how brokers interact with The Cumberland.
“Our shared vision of leveraging technology to enhance the broker and client experience is at the heart of this partnership, and we look forward to seeing the positive impact this platform will have on intermediaries across the mortgage space.”
ENDS
For further information please contact:
Paul Hunt, Square 1 Media - 07912 103971
Crofton Bonney, Square 1 Media – 07903 008292
About Cumberland Building Society:
Cumberland Building Society is a trusted financial institution in the North West. Based in Carlisle, it is Cumbria’s largest financial institution with £2.4bn in mortgage lending and savings balances of £2.4bn. It operates 32 branches across Cumbria, Lancashire, Northumberland and southwest Scotland.
For any other information : https://www.cumberland.co.uk/
About Mast:
Mast’s mission is to make lending better, smoother and faster for everyone. Mast is revolutionising the mortgage origination process with a fully configurable, cloud-native platform that empowers lenders to increase capacity, reduce costs, and improve operational efficiency.
With a proven and successful implementation track, Mast enables lenders to boost lending, saving time and costs while delivering faster offers to borrowers. As one of the only no-code solutions in the market, Mast provides unmatched speed, agility, and engineering expertise, allowing lenders to respond swiftly to changing market conditions and focus on delivering exceptional service. Available as a hosted SaaS platform, Mast ensures operational resilience and continuous deployment, transforming the home buying journey for everyone involved.
