Paragon Bank has launched a platform for buying and selling (BTL) mortgage loans.
It is said that the system provides a simplified application process according to personal conditions, which will help provide faster decisions based on the requirements for application requirements for principles and tailored applications.
It aims to enable the agent to understand the progress throughout the mortgage process, and at the same time, it also handles applications to reduce the application time.
Paragon said that the system borrowed data from the sources including the company, Experian and HomeTrack to fill in the application details in advance.
The platform requires a tailoring application for applications in each case to ensure that only related issues are required, and information is required.
Artificial intelligence has been used to support underwriters by extracting, analysis and verification of its review.
In addition, intermediary agencies can upload customers’ attribute schedules to improve verification and store timetables for returning customers, thereby reducing documents required for future applications.
Louisa SedGewick, director of the Paragon Bank Mortgage Bureau, said: “The launch of our new mortgage origin platform is a good news for us and our agent partners because it will change our cooperation method.”
“Provide faster, smarter, and more flexible experience. We are very happy to share a lot of investment with the intermediary with the market for two years.”
