The hub provides lenders with a simplified submission platform to meet PRA’s SS13/16 portfolio landlord underwriting standards. Shawbrook said eTech looks to make portfolio underwriting more straightforward and increasingly standardised.
Shawbrook Bankhas given its broker partners access to the eTech Buy to Let Hub which helps meet Prudential Regulatory Authority regulation.
The hub provides lenders with a simplified submission platform to meet PRA’s SS13/16 portfolio landlord underwriting standards. Shawbrook said eTech looks to make portfolio underwriting more straightforward and increasingly standardised.
Mark Blackwell, chief operating officer, eTech, said: “We are delighted Shawbrook Bank have chosen to adopt our Buy to Let Hub technology to address some of the key regulatory challenges they faced in the buy-to-let market.
“Our online system will take the headache out of the increasingly complex administration and legislation landscape.
“Mortgage intermediaries will benefit from access to a simplified portfolio upload process, automated data verification and population into lender specific templates, and instant submission of applications in real-time.
“Shawbrook will be able to configure their own rules and perform automated stress testing, ultimately enabling faster response times to accepted loan applications.
“The Buy to Let Hub will provide a platform for professional and streamlined engagement between Shawbrook Bank, intermediaries and their landlord clients, combined with much needed process efficiencies and compliance.”
Gavin Seaholme, head of sales at Shawbrook Commercial Mortgages, added:“We are excited to be able to offer this progressive technology to our Broker Partners – and believe it will make a big difference to their ability to service their clients quickly and efficiently.
“Shawbrook is always keen to utilise new technology and we believe the eTech Buy To Let hub will provide a streamlined service that will support our brokers and customers.”
