The WhenFresh Decisions-as-a-Service suite enables Mortgage Lenders to make faster, better-informed decisions through the full mortgage lifecycle.

WhenFresh is the UK’s Residential Property Data Bureau and provides Mortgage Lenders with instant access to all the data they need to make faster, better-informed decisions throughout the full mortgage lifecycle, from initial application tight through to securitisation.

WhenFresh Decisions-as-a-Service provides instant, remote property risk assessment – complementing the credit bureau services which assess consumer credit risk – and is delivered via a suite of 4 modules:

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. Typically 5-10% of applications are rejected at this stage and ‘loop’ back to the broker/applicant(s), before the lender has invested money and resource processing applications which would fail at a later stage.

PATH – Equivalent to a digital ‘Property F.M.A.’ this deep-dive, data-driven triage evaluates the property, valuation and title to assess current/future risk and inform the lender which ‘path’ to choose. This separates the 60-80% of properties where an AVM will be sufficient to move to an immediate mortgage offer, from the 20-40% where a desktop, drive-by or full physical survey of the property will be required. 

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

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

Each module can quickly and easily be tested against any lenders existing processes – so please click here to find out more and to book a call/demo.