Decisions-as-a-Service for Mortgage Lenders

WhenFresh Decisions-as-a-Service for mortgage lenders revolutionises residential property risk assessment and mortgage-decisioning in much the same way that automated consumer credit referencing did for mortgage applicant risk assessment many years ago.

WhenFresh is the UK’s leading property data bureau, instantly and remotely providing all the residential property attribute, risk, peril, environmental, valuation, market, climate, geospatial and title-related data that mortgage lenders need.

By leveraging its vast residential property data assets and expertise, WhenFresh now provides lenders with unprecedented instant insights, to streamline processes from initial mortgage application through the full credit lifecycle to portfolio securitisation, through the 4 complementary modules which form the Decisions-as-a-Service suite:

LOOP – Equivalent to a digital ‘Property D.I.P.’ whereby each new mortgage application is instantly and remotely screened against lending rules, LTV criteria and title issues. Rejected leads ‘loop’ back to the broker. Read more…

PATH – Equivalent to a digital ‘Property F.M.A.’ this deep-dive triage evaluates the property, valuation and title to assess current/future risk and inform the lender which ‘path’ to choose, e.g. whether a simple AVM will be sufficient to move to an immediate mortgage offer, or whether a desktop, drive-by or full physical survey are required. Read more…

WATCH – Live alerts across the portfolio to flag any issues which may impact each property’s value or risk. Read more…

WRAP – Property data enrichment to prepare & segment a mortgage book for optimum securitisation. Read more…