MPowered Mortgages says it has opened a new office in Leeds, bringing its headcount across the firm to 78 since it launched last year.
The fintech lender has hired 18 new staff at its new Leeds base and has more than doubled the office space of Guildford headquarters, with its staff increasing by 38 people since the start of this year.
It has taken on a range of technical roles such as lead developers to machine learning engineers at its Leeds office, who report to the firm’s chief technology officer. It also has introduced a raft of operational hires, including underwriters and completion specialists, based at its Leeds and Guildford offices.
The lender, part of the MQube mortgage origination group, was founded by chief executive Stuart Cheetham and deputy chief executive Richard Fitch, in a bid to speed up the mortgage application process for homebuyers and brokers by using technology.
The business has grown its broker partner network to around 4,000, including intermediaries within Mortgage Advice Bureau and London and Country, and has received financial backing from high-profile investors such as Barclays, Citigroup’s SPRINT and M&G Investments.
Since it was founded the business has launched a complex buy-to-let range aimed at individual landlords, limited companies, portfolio landlords and houses in multiple occupation, and in April debuted a prime residential mortgage offering, with a new cashback remortgage range launching earlier this month.
Mpowered’s Cheetham says: “We are excited to be growing our workforce at a time when demand for mortgages prevails as does the need for a smoother mortgage journey.
“Having just launched our prime mortgage range in April, the opening of our Leeds office and the expansion of our workforce is a testament to our commitment to speeding up the mortgage process through the use of data science and technology and improving the mortgage journey for both brokers and their clients.
“We look forward to continuing to grow our business and expand our footprint in the prime residential mortgage space as the first prime fintech mortgage lender to enter the mortgage market.”
