Landbay has become the first buy-to-let lender to integrate brokers directly into Cotality’s Buy To Let Hub with the API reducing admin and accelerating stress testing for brokers.
The integration will boost processing speed, improve accuracy, and reduce administrative tasks, streamlining the mortgage application process.
The new API integration removes the need for manual data input and submission, allowing brokers to bypass the previous upload process and accelerates stress testing of Portfolios.
SIMPLIFIED SUBMISSION
Landbay is now able to help its brokers with a simplified portfolio submission process and help them to navigate the Prudential Regulation Authority (PRA) underwriting standards for buy-to-let mortgages.
Paul Clampin, Chief Lending Officer at Landbay, said: “Landbay consistently strives to improve the predictability of the mortgage decisioning 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.”
Mark Blackwell, Chief Operating Officer at Cotality UK, 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.”
