Tag: Mark Blackwell
The e Tech platform allows brokers to record portfolio information and validate property addresses in a standardised format which can be submitted to its lender partners.
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.
The system helps intermediaries meet PRA underwriting standards for landlords with large-scale property portfolios by allowing them to easily import landlord data easily from multiple spreadsheets.
This solution comes before the PRA changes come into force on the 30 September.
eTech will implement an online submission platform ahead of the PRA deadline on 30 September, when firms must scrutinise borrowers with four or more buy-to-lets by assessing their full portfolio of properties and outstanding mortgages in addition to the standard assessment.
This launch is in addition to their existing deployment of SMART survey.