Specialist lender, Precise Mortgages, has announced a new partnership with CoreLogic UK, to support with property risk management and decisioning software.
The move will see Precise Mortgages use CoreLogic’s buy-to-let (BTL) hub platform to help support its BTL underwriting process and speed up the time to offer for their broker partners and their portfolio landlord clients.
Precise Mortgages, which is part of the OSB Group, said the platform will provide its broker network with access to record portfolio information and validate property addresses in a standardised format ready for submission.
This process can ensure Precise Mortgages and its brokers meet the Prudential Regulation Authority (PRA) underwriting standards, while streamlining its processes.
Underwriting and real estate director at OSB Group, Dawn Mirfin, commented: “The additional time saving and simplification benefits to brokers such as the ability to upload multiple properties in a portfolio at the same time and to be assessed as part of a single application are a game changer. Plus, the property schedule is valid for 12 months as long as there are no changes to the portfolio.
“If brokers need any support with the BTL Hub, our award winning team is here to guide them through the process, and if the portfolio schedule is included with the submission we can even upload to the BTL hub on their behalf.”
CoreLogic UK chief operating officer, Mark Blackwell, continued: “We are delighted to be working with Precise Mortgages and extend the BTL hub software further across the OSB Group.
“This will not only improve operational efficiencies ultimately helping get mortgage offers out faster but will also enhance the engagement between Precise Mortgages, its intermediaries and landlord clients.”
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