The lender worked with eTech to design the new portal with the aim of improving its BTL portfolio underwriting service.
The platform can display all live mortgage applications on one dashboard and allows brokers to add new portfolios based on previous application data.
This will improve efficiency by allowing for duplicate jobs, the lender said.
Brokers can import data from Microsoft Excel spreadsheets or through Vida Homeloans property portfolio schedule, and Energy Performance Certificate (EPC) ratings for each portfolio are displayed, which are updated automatically from the EPC Register.
“The new hub incorporates innovative features to enhance the experience for brokers dealing with BTL portfolios. It will equip brokers with the right tools to drive their business forward and to help customers who are under-served by high street banks,” said Louisa Sedgwick, director of sales, mortgages, at Vida Homeloans (pictured).
Liz Syms, owner of Connect Mortgages and Connect for Intermediaries added: “The BTL hub improves the time it takes to underwrite portfolios resulting in speedier applications. Vida Homeloans is demonstrating its commitment to improving the process for brokers and clients by offering this option.”