Landbay has become the first buy-to-let lender to integrate brokers directly to Cotality’s Buy To Let hub.
The lender said this integration will boost processing speed, improve accuracy, and reduce administrative tasks.
Cotality argued the new API integration removes the need for manual data input and submission, allowing brokers to bypass the previous upload process and accelerate stress testing of portfolios.
Landbay chief lending officer, Paul Clampin, said: “Landbay consistently strives to improve the predictability of the mortgage decision process while reducing the burden on our intermediary partners.
“The integration with Cotality will reduce the need to input information manually. Instead, information will be submitted directly into Landbay’ s award winning system.
“This will automate the assessment of portfolio information with the key systems at Cotality.”
Landbay is now able to assist its brokers with a simplified portfolio submission process and help them to navigate the Prudential Regulation Authority underwriting standards for buy-to-let mortgages.
The deal strengthens the lender’s long-standing partnership with Cotality UK, having first deployed the BTL hub in October 2017.
Meanwhile, Vitality UK chief operating officer, Paul Clampin, added: “We are delighted to extend our relationship with Landbay, improving the efficiency of the mortgage journey.
“Integrating all our systems to mortgage lending operating platforms is creating a faster, more secure and seamless data journey for brokers and lenders.”
tom.dunstan@ft.com
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