Landbay has become the first buy-to-let lender to integrate brokers directly into Cotality’s Buy To Let Hub, reducing admin and accelerating stress testing.
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.
Landbay is now able to assist 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.
The deal strengthens the specialist buy-to-let mortgage lender’s long-standing partnership with Cotality, having first deployed the Buy To Let Hub platform in October 2017.
Mark Blackwell, Chief Operating Officer at Cotality commented: “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.”
