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|BEP Systems supports Landbay with broker portal and underwriting platform|
|Wednesday, 08 March 2017|
BEP Systems, provider of unique financial portal web applications for financial services businesses, has developed an online application process and underwriting platform on behalf of innovative buy-to-let lending specialist Landbay.
Both the online application and the underwriting platforms are based on BEP’s cloud-based, modular Apprivo2 system and enable Landbay to rapidly expand its service to more brokers and borrowers in the buy-to-let sector.
Key capabilities delivered to Landbay include:
• Dynamic forms
• Property portfolio key – allowing detailed analysis of total rental cover and existing mortgage risk to be presented
• Information can be submitted via mobiles and tablets
• E—signature of mortgage applications
• Managing the DIP/FMA
• Capture of fees
• Case tracking for the broker
• Product selection
With offices in Manchester and London, BEP Systems works with a range of innovative Fin Tech companies to provide back office and customer-facing financial software system solutions that lead to efficiency savings and support revenue growth.
Landbay is a fast-growing Fin Tech company that provides alternative investments, driven by peer‐to‐peer lending and backed by British property. All loans are secured by first‐ranking mortgages over tenanted residential properties across England and Wales.
Chris Little, managing director of BEP Systems, said: “The BEP lending portal for Landbay is a powerful platform that empowers Landbay to rapidly roll out its products to the broker market and to match its lending community with property assets.
“It provides an easy-to-use, borrower-friendly front end, with a fully compliant, intuitive underwriter back end.” Paul Clampin, Chief Lending Officer at Landbay, said: “The BEP system continues to support the growth of our business and provides a secure and intuitive platform to interact with our broker network. It is a cost and time-effective underwriting system for our lending team and is one of many steps we are taking to streamline our mortgage application process.”
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