This Top U.K.-Based Specialist Mortgage Lender Leverages Technology and Data for Unprecedented Growth
Data is king when it comes to competing in the biggest, most traditional marketplacesâ€”especially when a high-growth company is bringing forth new ideas.
Such is the case for Landbay, the company at the forefront of this episode of â€œThe NetSuite Podcast,â€� featuring its Chief Operating Office, Julian Cork.
Landbay is a U.K.-based lending company with the niche mission of creating a more accessible buy-to-let mortgage marketplace for investors, borrowers and brokers, combining market expertise with technological innovation to benefit all parties involved. The company creates access to a new type of investment opportunity for the everyday lender, helping investors reap the financial returns offered in the competitive U.K. buy-to-let mortgage market and supporting responsible borrowers in securing access to faster funding.Â
Through a focused vision, innovative technology and growing popularity in peer-to-peer lending, Landbay has become a leading buy-to-let mortgage lender in the U.K. in just four years. But the company didnâ€™t succeed like this without having the right processes, systems and, above all, data in place to do so.Â
Cork says Landbay got to a point that it outgrew previous accounting platforms. Thus, the company began looking for a new, cloud-based system that would not only provide real-time data customized to Landbayâ€™s specific needs but would also continue to grow as Landbay continues to scale and transform.
â€œOur mission is to become the U.Kâ€™s leading specialist mortgage lender over the next four yearsâ€¦Weâ€™ve got significant volume to grow,â€� Cork explains. â€œWith that volume, we need to have the control and we need to have that data.â€�
Listen to the full episode on Apple Podcasts, Soundcloud and YouTube to find out why the company ultimately chose Oracle NetSuite, unlocking a fully customized solution catered to its journey through SuiteSuccess.
Note: Since recording this podcast, Landbay has continued its high rate of growth. It has now originated over Â£330m of mortgages on nearly half a billion pounds worth of property with no defaults.