Exact adds real-time data to service offering

Published on

Exact Mortgage Experts

Exact Mortgage Servicing says it has improved its mortgage servicing platform by adding real-time credit data.

The mortgage servicing and asset management business says the move provides its collectors with access to live credit data and analytics, which in turn allows them to review in real-time borrowers’ spending habits.

For example, if a borrower claims that they can’t pay their mortgage, but are spending money on non-essential items, this can be discussed with the help of real-time credit data. Exact claims the ‘intelligence’ also facilitates the agreement of realistic and affordable repayment solutions whilst treating borrowers fairly.

“It is important that we invest in the best technology in order to improve our intelligence and expertise not only to help borrowers who find themselves in a difficult situation but also to protect our clients from arrears and ultimately losses,” said Ian Lonergan, CEO of Exact.

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...