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

The pre-sales tool, Credit Assess, will allow 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.

Click2Check indicated pre-qualification checks offered by Credit Assess can be undertaken before an advice process commences, allowing the adviser to determine at an early stage whether the consumer will be successful in securing mortgage finance.
 
By pre-qualifying all potential consumers prior to advice and application, mortgage advisers and firms will be able to direct their resources and advise the consumer on what they can do with their existing credit position.

Credit Assess will be available to all advisory firms, distributors, CRM provider and networks, and Click2Check added that it will be provided with a full training package.

Click2Check director, David Jones, commented: “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 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.”

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