Landbay to introduce broker portal and underwriting platform
Buy-to-let lender Landbay has partnered with BEP to develop an online application process and underwriting platform.
The partnership is said to enable Landbay to rapidly expand its service to more brokers and borrowers in the buy-to-let sector.
Paul Clampin, chief lending officer at Landbay, said: “The BEP system will continue to support the growth of our business and provide a secure and intuitive platform to interact with our broker network.
“It is a cost and time-effective underwriting system for our lending team and is the one of many steps we are taking to streamline our mortgage application process.”
Capabilities of the portal and underwriting platform will include dynamic forms, e-signatures, case tracking, product selection, managing decisions in principle, a detailed analysis of total rental cover and existing mortgage risk and allowing information to be submitted on mobiles and tablets.
Chris Little, managing director of BEP Systems, said: “The BEP lending portal for Landbay is a powerful platform that will empower Landbay to rapidly roll out its products to the broker market and to match its lending community with property assets.
“It provides an easy-to-use, borrower-friendly front end, with a fully compliant, intuitive underwriter back end.”