Vida Homeloans has launched a new Buy to Let Hub, powered by eTech, with a view to introducing time saving tools to make the mortgage application process simpler and more streamlined for brokers acting on behalf of buy-to-let mortgage borrowers.
The aim behind the new eTech tool is to focus on improving its portfolio underwriting service to brokers, enabling buy-to-let mortgage applications to be processed quicker.
Brokers, acting on behalf of mortgage borrowers, will be able to view all live applications on one dashboard, while having the option to create new property portfolios based on previous application data.
Data can also be imported from Excel using the broker’s own template or the Vida Homeloans Property Portfolio Schedule.
Additionally, current Energy Performance Certificate (EPC) ratings will be displayed against each property portfolio. The system updates the EPC automatically from the EPC Registers database, meaning the rating is readily available to the broker or landlord for review.
Louisa Sedgwick, director of mortgage sales at Vida Homeloans, commented: “At Vida, we are constantly looking for ways to improve our offering, enabling brokers to do their jobs in the most efficient and time saving way.
“This new BTL Hub, powered by eTech, includes creative and innovative features that will enhance the overall experience for brokers dealing with BTL portfolios.
“Specialist lending doesn’t have to be complicated, and the industry must work together to equip brokers with the right tools to drive their business forward and help those customers who are underserved by the high street banks.”