BEP Systems has developed an online application process and underwriting platform for buy-to-let lending specialist Landbay.
Both the online application and the underwriting platforms are based on BEP’s cloud-based, modular Apprivo2 system.
Key capabilities delivered to Landbay include:
- Dynamic forms
- Property portfolio key – allowing detailed analysis of total rental cover and existing mortgage risk to be presented
- Information can be submitted via mobiles and tablets
- E-signature of mortgage applications
- Managing the DIP/FMA
- Capture of fees
- Case tracking for the broker
- Product selection
Chris Little, managing director of BEP Systems, said: “The BEP lending portal for Landbay is a powerful platform that empowers 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.”
Paul Clampin, chief lending officer at Landbay, added: “The BEP system continues to support the growth of our business and provides 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 one of many steps we are taking to streamline our mortgage application process.”