"The market has become even more specialist as a result of PRA II, and the winners in this field will undoubtedly be those lenders which recognise the need to simplify systems"
Keystone CEO, David Whittaker, says he hopes the technology will be a "game-changer for brokers, saving them hours of time reworking documents or keying in the details of entire portfolios by hand".
Brokers can upload their clients’ excel spreadsheet of properties, which the Hub then converts into the correct format for Keystone's Application Submission System. The resulting document can then be submitted as part of the normal application process. It can also be saved by the broker for record keeping purposes and sent on to the client.
The solution will also help Keystone streamline portfolio stress testing and income coverage assessment when underwriting applications.
Mark Blackwell, Director at eTech, said: "As well as making life easier for brokers and landlords at the front-end, the Buy to Let Hub will help streamline Keystone's processing systems and complement the human element of underwriting. In particular, it will provide instant AVM validations and can process multiple applications from the same borrower simultaneously.
"The market has become even more specialist as a result of PRA II, and the winners in this field will undoubtedly be those lenders which recognise the need to simplify systems for themselves and brokers, and meet the Regulator's requirements at the same time."
