MPowered Mortgages has opened a new office in Leeds and hired 18 new staff to be based there.
As well as opening an office in Leeds, the mortgage lender has more than doubled the office space of its Guildford headquarters, with overall headcount increasing by 38 people since the start of the year.
The roles based in Leeds will be focused on enhancing MPowered Mortgages’ technology platform and range from lead developers to machine learning engineers reporting to the chief technology officer.
The mortgage lender has also hired a range of operational roles including underwriters and completion specialists based in both its Leeds and Guildford offices.
MPowered Mortgages’ headcount has grown to 78 people since it was launched last year. MPowered Mortgages was founded in 2021 and is part of the MQube group which was founded by chief executive officer Stuart Cheetham (pictured) and deputy CEO Richard Fitch.
The firm has launched its successful complex buy-to-let range aimed at individual landlords, limited companies, portfolio landlords and HMOs, and most recently its prime residential mortgage offering with a new cashback remortgage range launched earlier this month.
MPowered Mortgages will continue to enhance and develop its mortgage range in response to market needs in order to serve every demographic of customer.
Since launch, MPowered Mortgages has also grown its network of established broker partners to circa 4,000 which includes brokers within Mortgage Advice Bureau and London and Country.
It has also received financial backing from high profile investors such as Barclays, Citigroup’s SPRINT and M&G Investments amongst other key investors.
Cheetham said: “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 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.”
