Landbay has become the first buy-to-let (BTL) lender to link brokers directly into the Cotality BTL hub.
The move means brokers can now use an application programming interface (API) to send information straight to Landbay, cutting out manual input and speeding up portfolio stress testing.
The integration is set to reduce paperwork and make mortgage applications simpler for brokers.
It will also help them with the Prudential Regulation Authority’s (PRAs) underwriting rules for BTL 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, said: “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.”
