The eTech system provides intermediaries and lenders with a simplified application submission platform to meet underwriting standards for landlords with large-scale property portfolios.
Intermediaries who use the eTech system can import landlord data from multiple spreadsheets. Data is then verified automatically and converted into a Paragon-specific template prior to submission.
Property details including preliminary valuation information and achievable rent are independently verified using online sources.
Current EPC ratings are also displayed against each property in a portfolio and automatically updated via the EPC register.
John Heron, managing director of mortgages (pictured), said the technology was making a big impact on mortgage industry.
He said: “The new PRA standards rightly call for comprehensive underwriting of portfolio landlords but this can make the application process cumbersome and slow.
“The eTech system provides a single data entry point for intermediaries and lenders, as well as online verification of key information, taking away the need for multiple data input and manual checking.”
Mark Blackwell, chief operating officer at eTech, said the team was delighted to be working with Paragon.