Precise Mortgages joins CoreLogic UK’s portfolio landlord platform

By Bridging Loan Directory 2nd February 2023

Leading specialist lender, Precise Mortgages, have announced they are working in partnership with CoreLogic UK, to support with property risk management and decisioning software.

Precise Mortgages, part of the OSB Group, will be using CoreLogic’s Buy to Let Hub platform to help support their buy to let underwriting process and speed up the time to offer for their broker partners and their portfolio landlord clients.

The platform will provide Precise Mortgage’s broker network with easy access to record portfolio information and validate property addresses in a standardised format ready for submission.

This simplified process will ensure Precise Mortgages and their brokers meet the Prudential Regulation Authority (PRA) underwriting standards, whilst streamlining their processes.

Dawn Mirfin, Underwriting and Real Estate Director, OSB Group said:

“The partnership with CoreLogic UK is a win win for all involved and will help support a smoother customer journey for brokers and their portfolio landlord clients.

The additional time saving and simplification benefits to brokers such as the ability to upload multiple properties in a portfolio at the same time and to be assessed as part of a single application are a game changer.

Plus, the property schedule is valid for 12 months as long as there are no changes to the portfolio.

If brokers need any support with the BTL Hub, our award winning team is here to guide them through the process, and if the portfolio schedule is included with the submission we can even upload to the Buy to Let Hub on their behalf.”

Mark Blackwell, CoreLogic UK Chief Operating Officer continued:

“We are delighted to be working with Precise Mortgages and extend the Buy to Let Hub software further across the OSB Group.

This will not only improve operational efficiencies ultimately helping get mortgage offers out faster but will also enhance the engagement between Precise Mortgages, their intermediaries and landlord clients.”