Precise Mortgages joins CoreLogic UK’s portfolio landlord platform

Published on

Precise Mortgages has partnered with CoreLogic UK to support with property risk management and decisioning software.

The lender, which is part of the OSB Group, will be using CoreLogic’s Buy to Let Hub platform to help support their buy-to-let underwriting process and speed up the time to offer for their broker partners and their portfolio landlord clients.

The platform will provide Precise Mortgage’s broker network with easy access to record portfolio information and validate property addresses in a standardised format ready for submission. This simplified process will ensure Precise Mortgages and their brokers meet the Prudential Regulation Authority (PRA) underwriting standards, whilst streamlining their processes.

Dawn Mirfin (pictured), underwriting and real estate director, OSB Group, said: “The partnership with CoreLogic UK is a win win for all involved and will help support a smoother customer journey for brokers and their portfolio landlord clients.

“The additional time saving and simplification benefits to brokers such as the ability to upload multiple properties in a portfolio at the same time and to be assessed as part of a single application are a game changer. Plus, the property schedule is valid for 12 months as long as there are no changes to the portfolio.

“If brokers need any support with the BTL Hub, our award winning team is here to guide them through the process, and if the portfolio schedule is included with the submission we can even upload to the Buy to Let Hub on their behalf.”

Mark Blackwell, CoreLogic UK chief operating officer, added: “We are delighted to be working with Precise Mortgages and extend the Buy to Let Hub software further across the OSB Group.

“This will not only improve operational efficiencies ultimately helping get mortgage offers out faster but will also enhance the engagement between Precise Mortgages, their intermediaries and landlord clients.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Third of SMEs forced to pause business activity due to lack of finance

Nearly one in three UK small and medium-sized enterprises have been forced to stop...

Cost of setting up a home ‘falls below inflation’

The cost of establishing a new home has risen at a significantly slower pace...

Santander cuts mortgage rates across the board

Santander has reduced interest rates on a wide range of its residential mortgage products...

Accord lowers buy-to-let mortgage rates

Accord Mortgages is reducing rates across its buy-to-let product range, as part of a...

Investor secures £1.3m loan to expand assisted living portfolio

An experienced property investor has secured a £1.3m loan from Redwood Bank to support...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

Third of SMEs forced to pause business activity due to lack of finance

Nearly one in three UK small and medium-sized enterprises have been forced to stop...

Cost of setting up a home ‘falls below inflation’

The cost of establishing a new home has risen at a significantly slower pace...

Santander cuts mortgage rates across the board

Santander has reduced interest rates on a wide range of its residential mortgage products...