The firm said that the partnership will “give brokers even greater access to the award-winning building society’s range of mortgage products”.
The Cumberland offers a wide range of mortgages, including first-time buyer, home mover, remortgage, retirement, self-employed, holiday let, buy to let and hospitality business mortgage.
The mutual’s residential lending via brokers is concentrated in their core operating areas of Cumbria, Southwest Scotland, North Lancashire and West Northumberland, however, once brokers join the society’s panel their client and property can be located anywhere.
The Cumberland said that the “strategic move” to join Mortgage Brain’s platforms will help it “achieve its long-term aim of evolving their distribution strategy by adding more brokers to their panel in order to reach greater numbers of borrowers across the UK”.
The mutual’s home mover, first-time buyer and remortgage residential product ranges will be available on Sourcing Brain, and criteria can be accessed on Criteria Brain.
‘Delighted to team up with Mortgage Brain’
Grant Seaton, head of intermediary lending at The Cumberland Building Society, said: “We’re delighted to team up with technology leader, Mortgage Brain, to offer brokers even greater access to our residential mortgage range.
“Our aim is to expand our presence in the intermediary market over time and this partnership promises to do just that. We look forward to the many opportunities to connect with more intermediaries and better support them in addressing the challenges of their cases.”
Neil Wyatt, sales and marketing director at Mortgage Brain, added; “A very warm welcome to The Cumberland Building Society to Mortgage Brain’s sourcing platforms. The inclusion of The Cumberland, known for its commitment to ‘kinder banking’, enriches our platforms, offering our community of over 15,000 intermediaries even greater access to valuable lending solutions.”
