Shawbrook Bank has provided a formal mortgage offer to a customer in 48 hours from submission, using it’s soon-to-launch buy-to-let platform.
The lender said the platform aims to streamline the application process for brokers by applying ‘advanced decisioning techniques’ and ‘sophisticated insights’ via API technology.
The system is said to provide a quicker and more intuitive journey to credit decisions and property valuations.
Emma Cox, sales director at Shawbrook Property Finance, said: “Over the last 12 months we have been investing heavily in the technology we rely on behind the scenes to help deliver the best possible service to our customers.
“The launch to our Strategic Partners has already demonstrated the benefits these improvements will have.
“This is just the start of a series of digital enhancements that we will be announcing in 2021 to improve broker experience and ensure a more efficient application journey for our customers.”