MQube has accelerated the onboarding of its Origo mortgage origination platform after launching a new “Policy as Code” tool that reduces implementation times from weeks to just a few days.
The fintech firm said the new capability removes one of the biggest barriers lenders face when adopting new mortgage technology, simplifying the complex process of embedding individual lending policies into origination systems.
To coincide with the launch, MQube has also published a new handbook exploring the challenges lenders encounter when onboarding new technology and outlining how artificial intelligence can be used to support faster, lower-risk adoption across regulated lending environments.
TIME CONSUMING
One of the most time-consuming elements of onboarding new mortgage platforms is translating a lender’s policy framework into operational rules.
These policies are typically extensive, highly detailed documents that reflect a lender’s specific risk appetite and commercial strategy, and historically have required developers to manually convert them into system logic.
MQube’s new “Policy as Code” tool uses large language models to analyse policy documents and automatically configure them within the Origo platform, removing the need for manual rule-building and dramatically shortening implementation timelines.
OUTDATED LEGACY SYSTEMS
Stuart Cheetham (main picture, inset), chief executive of MQube, said: “Historically, lenders have struggled to adopt new technology due to legacy systems and outdated infrastructure which aren’t compatible with modern technology.
Replacing or integrating with newer AI-driven systems can be complex, risky and expensive for regulated lenders.”
“Onboarding new software should not be a pain point.”
He added: “We are making our mortgage origination technology easier to adopt, less time consuming and costly.
“Onboarding new software should not be a pain point for lenders but instead something that should be done quickly and seamlessly and the launch of this new tool will enable our lending partners to do just that.”
SPEED UP UNDERWRITING
MQube’s Origo mortgage origination platform is designed to speed up underwriting by automating the assessment of data and documentation using big data and large language models.
The firm also offers a broader suite of AI-driven mortgage technologies, including Criteria Genius, an AI chatbot that provides brokers with instant, human-like responses to questions about lender policy. In addition, MQube is developing an architecture that will enable mortgage lenders to trade mortgage debt using blockchain technology.
