finova

🏡 Empowering brokers, enhancing member experience As the sixth-largest building society in the UK, Principality Building Society has been serving customers for over 160 years. With 53 branches and 14 agencies across England and Wales, they are a key player in the mortgage market. With 90% of its mortgage business introduced through brokers, Principality needed a modern mortgage origination system to scale, automate, and support innovation. That’s where finova’s MSO came in. 🚀 The results:  ✅ 40-hour reduction in product loading time  ✅ £1.1bn increase in net retail mortgage lending  ✅ 90% of all broker-originated mortgages streamlined  📖 Read the full case study to see how they did it. #MortgageTechnology #FintechInnovation #LendingEfficiency #DigitalTransformation 

📊 Yesterday, HMRC released data on their latest UK property transactions. Our Chief Revenue Officer, Chris Little, shares his thoughts in Mortgage Strategy “Following a much-anticipated cut to the base rate, today’s data is really an echo of an earlier and much less dynamic market. After a turgid 2024 when many aspiring buyers postponed their plans in response to an uncertain political and economic terrain, we are now seeing a widespread release of pent-up demand. In fact, EY ITEM Club Outlook has only recently predicted that UK mortgage lending will double in 2025 – and all the evidence suggests we are on the right track, even if it hasn’t translated into the data quite yet.” Read the full article 👉 https://lnkd.in/ekfE8Ct7 #UKPropertyMarket #MortgageMarket #UKHousing #PropertyTrends #HomeBuying #MortgageLending

🏆 Exciting news! We're thrilled to announce that we have WON Technology Provider of the Year in the MoneyAge Mortgage Awards. A huge thank you to our incredible team for their dedication and to our clients and partners for their continued trust.

Steve Carruthers shares his thoughts in the February issue of The Intermediary Magazine, discussing the rising risks of cybercrime and fraud in financial services. With fraud now accounting for 37% of all crimes in the UK, financial institutions face increasing pressure to stay ahead of evolving threats. Cybercriminals are finding new ways to exploit vulnerabilities, from data breaches to fraudulent transactions. Our latest Mortgage Efficiency Survey highlights how lenders are responding—through stronger cybersecurity measures, investment in InfoSec, and smarter tech integrations. 📩 Haven’t read the full report yet? Download it here to explore key insights: https://lnkd.in/ebVMdgwU #CyberSecurity #FraudPrevention #FinancialServices #Lenders #MortgageTech

📢 Your latest finova newsletter has arrived. Lenders and brokers—check your inbox for the latest updates, releases, and finova news. 📩 Missed it? No problem! Drop us a DM with your email, and we’ll make sure you stay in the loop. #MortgageClub #Lenders #Brokers #MonthlyUpdates #FinovaNews

Darlington Building Society has extended its partnership with finova until 2030, continuing to leverage our MSO platform to drive efficiency and innovation. Since adopting MSO in 2021, DBS has reduced application to offer times by 10 days, maintained a mortgage retention rate of over 70%, and, in 2024, completed a mortgage application to offer in just one working day—including valuation and full manual underwriting. We’re excited to continue supporting Darlington’s growth and delivering enhanced broker and customer experiences through our powerful mortgage origination platform. Marcus Bennett, Client Delivery Director at finova & MSO, commented: “After four successful years, we are grateful to have an opportunity to further strengthen our valued partnership with Darlington Building Society. The renewed contract will lay a foundation for further innovation in Darlington Building Society’s services to brokers, improving the user-experience and supporting the building society’s growth strategy. Read the full article here 👉 https://lnkd.in/eCvYG7-p #Fintech #MortgageTechnology #BuildingSocieties #BrokerSupport #LendingInnovation

Great news! 🎉 finova has been shortlisted as LendTech of the Year in this years UK FinTech Awards! This recognition highlights our dedication to innovation and advancing mortgage technology. Thank you for your ongoing support, and best of luck to all the other finalists. 👏 #UKFinTechAwards  #LendTech #FintechInnovation #MortgageTech  #DigitalLending #FinancialTechnology

At finova, we know that happy, healthy employees are key to innovation and success. That’s why we offer a Health Cash Plan as part of our benefits package—helping cover everyday healthcare costs like dental, optical, and physiotherapy. 🤍 But that’s just the start. From enhanced maternity and paternity leave to long-service rewards and private medical insurance, we’re committed to making finova a great place to work. 📢 If you're looking for your next opportunity, check out our open roles:  https://lnkd.in/dh54fiSQ #Hiring #FintechJobs #EmployeeBenefits #WorkWithUs

Happy National Love Your Pet Day 🐶    We love any excuse to share pictures of our furry (and not-so-furry!) friends—so what better way to celebrate than showcasing the adorable companions that keep us company through remote meetings, lunchtime walks, and everything in between? 🐶🐱🐾 #nationalloveyourpetday 

Our latest Mortgage Efficiency Survey found that 91% of mortgage applications were sourced through intermediaries, so ensuring they have a seamless, intuitive journey is critical. When technology works, brokers can submit cases faster, reduce admin time, and deliver better service to borrowers. 💡   One broker recently shared their experience after using our lenders’ new sales and originations platform, MSO   The right platform ensures brokers can focus on what they do best: securing the right deals for their clients.    How is your mortgage tech supporting brokers today?    #MortgageTech #BrokerEfficiency #DigitalTransformation #MortgageSolutions #FinTech