Mortgage technology firm, MQube, has enhanced its mortgage origination platform, Origo, with a new digital underwriting feature.
The update uses AI to mirror the work of a human underwriter by suggesting rationales, in human-like language, that assesses whether an applicant meets credit policy compliance and recommends case requirements for brokers.
This step of the underwriting process would usually take a human underwriter 25 minutes per case but this new 'digital underwriter' allows Origo's technology to do this instantly, saving human underwriters time and reducing their workloads.
Origo already has the ability to save underwriters a significant amount of time by assessing and automating data and documents in real time such as ID and bank statements.
Stuart Cheetham, CEO of MQube, commented: "With 65,900 net mortgage approvals approved for house purchase in September in the UK and 25 minutes per day saved per case the time this could save in-house underwriting teams is demonstrably significant creating huge cost and operational efficiencies for lenders as well as importantly a better customer and broker experience.
"Other operational efficiencies include better auditability, increased productivity and an improved risk profile. This is undeniably a 'groundbreaking' development in mortgage technology as we enter 2026, a time when mortgage lenders revisit their business strategies. The adoption of new technologies will dominant this industry in 2026 as lenders look to streamline their business models."
