Paragon Bank unveils new buy-to-let originations platform
By Gloria Methri
Paragon Bank has launched its new buy-to-let mortgage origination platform, delivering a faster, more innovative and more flexible application experience for intermediaries.
Designed in-house to meet Paragon’s bespoke requirements, it offers a dynamic, digital application process. The new system has been developed over the past two years with extensive input from brokers.
The system draws data from a range of trusted sources, including Companies House, Experian and Hometrack, to pre-populate application details. The platform tailors application requirements to each case, ensuring that only relevant questions are required and information is requested once. Artificial Intelligence is used to support underwriters by extracting, analysing and validating for their review.
Intermediaries can upload their client’s property schedule for improved validation, with the schedule stored for returning customers, reducing the documentation required for future applications.
Louisa Sedgwick, Paragon Bank’s Managing Director of Mortgages, said, “The launch of our new mortgage originations platform is fantastic news for us and our broker partners because it will transform how we work together. Delivering a faster, smarter and more flexible experience, we’re really excited to share it with the market after spending two years developing it with lots of input from intermediaries.
“Our broker partners report that it is far quicker and simpler to submit their clients’ applications than our previous system. It also gives us greater capacity, increasing the level of business we can process and enabling our team to focus on delivering an even better service to our partners.”
Paragon will phase the launch of the platform over the first quarter of the year. Initially launched with a small number of mortgage networks and clubs, Paragon will further enhancements to the platform before it is made available to the whole of the market, expected to be by the end of March.
Jonathan Workman, Paragon Bank Mortgages Transformation Director, said, “Our new mortgage origination platform is transformative to our business and how we work with intermediaries. We have worked closely with brokers throughout the project to address any pain points and get a real understanding of what the best mortgage application process looks like, whatever the size of the property portfolio. This insight has informed every stage of the programme and will help to ensure intermediaries have the best possible experience when placing business with us.”
IBSi FinTech Journal

- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
February 03, 2025
Budget 2025: Indian MSMEs get $17m credit boost; experts call it game-changer
Read MoreRelated Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More