Streamlined portfolio stress testing and income coverage ratio assessment are included to assist in the response to loan applications.
Landbay has partnered with property risk software developer eTech to implement its online portfolio submission platform.
Brokers using the platform, which builds on eTech’s buy-to-let hub, will have access to a dashboard allowing them to upload all portfolio property details where they can both monitor and manage the portfolios.
Streamlined portfolio stress testing and income coverage ratio assessment are included to assist in the response to loan applications.
Paul Clampin, chief lending officer at Landbay, said: “Thanks to the support and expertise of eTech, our brokers can expect business as usual in the coming months.
“Landbay has always turned to technology to provide the best and most efficient service to brokers, and this partnership is yet another demonstration of that commitment to lead the way in terms of software and security. “
Mark Blackwell, lending and surveying services director at eTech Solutions, added: “We set out to make the new regulatory process as easy as possible for brokers.
“We look forward to working with Landbay at this time when the regulator now has bricks mortar firmly on its compliance radar.”
The platform hopes to provide brokers with a solution to the recent PRA underwriting changes.
