Technology firm Click2Check has launched a white-label online solution for mortgage advisers to obtain credit scores, reports and bank statements in order to help pre-qualify clients.

Credit Assess is a pre-sales tool which allows advisers, with the consumer’s consent, to access their credit score and report, while using Open Banking technology to deliver bank statements in minutes, enabling the adviser to analyse the consumer’s affordability and risk for lending.

 Pre-qualification checks offered by Credit Assess can be undertaken prior to an advice process commencing, allowing the adviser at an early stage to determine whether the consumer will be successful in securing mortgage finance.

Credit Assess works with Equifax UK in order to access credit scores and reports.

Click2Check says its system’s benefits include the ability, in minutes, to obtain the consumer’s credit and banking information securely.

It also argues that Credit Assess increases enquiry to completion persistency rates by delivering important information quickly, accurately and securely straight to mortgage advisers and prospects during the advice journey.

Click2Check also offers an API function so advisory firms can feed the credit report and bank information into their third-party proprietary software such as point-of-sale and CRM systems, providing advisers with a more holistic view of their clients’ financial picture.

Credit Assess is available to all advisory firms, distributors, CRM provider and networks, and is provided with a full training package.

David Jones (pictured), director of Click2Check, said: “After a number of months of development and a trial period, we are very pleased to be launching Credit Assess to the entire advisory market today, giving firms their own branded credit and Open Banking solution without having to go through the red tape, time or money of developing it themselves.

“With credit information strictly controlled by credit reference agencies due to the sensitivity of the information held, in general terms, only loan originators – lenders and the consumer themselves – can normally access a credit report.

“However, by working with the client and utilising Credit Assess, advisers can secure access to all their credit and banking information, which will allow them to start the client journey with a full picture of their finances. This will ensure efficiencies and total transparency, allowing the adviser to provide their advice and recommendations on the actual situation and will ensure the best chance of completing the mortgage within the necessary timescale.

“We provide full training on the system, which is very easy to use, plus we can white-label the product adding a much-needed service to the firm’s brand and ensuring total client ownership.

“We know these are challenging times for advisers and we believe this will both speed up the advice process and offer a true added-value service giving firms full sight of their client’s financial picture. This allows them to pre-qualify leads and ensure the right advice and recommendations are delivered at the appropriate time.

“We are looking forward to talking to the entire advisory community and other stakeholders to show how the Credit Assess product fits in with their needs both now and in the future.”