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PRESS RELEASE

London, UK - March 11th, 2023 - The Cumberland Building Society is thrilled to announce the adoption of the Mast Origination Platform for their intermediary lending channel. This partnership with Mast marks a milestone in The Cumberland's commitment to enhancing its intermediary lending operations.

By choosing to adopt the Mast Origination platform, The Cumberland is taking a positive step in modernising its intermediary lending channel. The Mast Origination platform is widely recognised for its advanced features and capabilities, which include a comprehensive set of tools designed to enhance efficiency and effectiveness throughout every stage of the lending process.

“The implementation of the Mast platform marks a significant step in the growth of Intermediary Lending at The Cumberland. We are committed to providing an exceptional service to the brokers we work with, with real people always at the heart of what we do; the introduction of the platform will enable us to provide an even better service to our valued brokers”, said Grant Seaton, Head of Intermediary Lending at The Cumberland.

"This collaboration represents our dedication to embracing innovation and technology to better serve our customers and intermediaries."

The Mast Origination platform offers a wide range of features designed to enhance efficiency, accuracy, and collaboration throughout the lending journey, improving the journey for brokers when working with The Cumberland.

The Mast Origination Platform is designed with flexibility in mind and allows for fast delivery. As the platform is quick to configure, The Cumberland will be able to go live with the platform in just a few months.

With Mast, all clients run the latest version of the platform, which is offered as a hosted SaaS product. This will allow The Cumberland to rapidly adopt new technologies and integrations as they are added to the platform.

"We are thrilled to welcome The Cumberland to the Mast family," said Joy Abisaab, CEO at Mast. "Our Origination platform is engineered to drive efficiency and excellence in lending operations, and we are confident that our teams working closely together will support The Cumberland in the growth of its intermediary lending division”.

This partnership underscores The Cumberland’s commitment to innovation and excellence in the financial services landscape. By harnessing the power of the Mast Origination platform, The Cumberland is ready to set new standards of excellence in intermediary lending.

-ENDS -

For more information about the Cumberland Building Society please contact

Rebecca Routledge

Rebecca.routledge@cumberland.co.uk

For further information about Mast please contact:

Joy Joseph Abisaab

press@usemast.com

+442038686421

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 is a leading fintech offering cloud-native mortgage origination software to help lenders increase capacity, reduce costs and strengthen operational controls. Its products allow lenders to operate more efficiently, react faster to changing market conditions, and focus on offering the best service possible, transforming the buying journey for the borrower.

To keep updated about Mast in the news and announcements, follow us on: LinkedIn.

For any further information please contact sales@usemast.com

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