The Mortgage Lender

The Mortgage Lender partners with eTech to simplify portfolio BTL underwriting

The Mortgage Lender has teamed up with eTech to simplify portfolio buy-to-let underwriting.

Using the eTech platform, brokers are able to record portfolio information, validate property addresses and share information with lender partners.

Scott Callaghan, mortgage operations director at the Mortgage Lender, said: “The introduction of underwriting standards for buy-to-let mortgages introduced by the PRA has helped formalise the information lenders need to make an underwriting decision.

“But until now, it has been open to interpretation by lenders, which has made the process of applying for a portfolio buy-to-let mortgage onerous for brokers and borrowers as each lender has asked for the information in a slightly different format or order.

“By partnering with eTech, we’re making it easier for borrowers and brokers to submit the information we need in a more standardised format, speeding up the underwriting process and time to offer.”

Applications and property information is stored on the eTech BTL hub platform and can be accessed for future mortgage re-broking or portfolio review.

Mark Blackwell, chief operating officer at eTech, said: “We are confident that the Mortgage Lender and [its] broker network will see significant benefits and efficiencies using eTech’s BTL hub. 

“eTech’s BTL hub technology was first developed nearly two years ago to address changes to the portfolio landlord underwriting standards and has seen continuous refinement as part of our close working client relationships, ensuring we continue to meet the needs of both lenders and brokers.”

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