CLSQ launches lender tool providing ‘real-time’ EPC data

CLSQ has launched a new solution that provides UK mortgage lenders with real-time access to Energy Performance Certificate (EPC) data.

The tool, LiveEPC, would allow lender to change the way they make decisions by integrating up-to-date EPC information directly into their systems.

CLSQ also highlighted that the tool can allow lenders to access the most current data from EPC certificates lodged with the official register.

The firm also stated that with LiveEPC, lenders would have access to an automated process that provides “critical data” as soon as it is available, which can be used to facilitate automated mortgage decisioning, more precise valuation decisions and back book analysis.

This would provide an advantage over traditional monthly text file downloads from the Ministry of Housing, Communities and Local Government, which CLSQ suggested is “a month or two behind”. This department of the Government, which will now be led by Angela Rayner, was renamed today as Labour confirmed it was removing the “levelling up” slogan used previously by the Tories.

Chief innovation officer at CLSQ, Lorenzo Tejada-Orrell, said: “The EPC rating of a property is becoming an increasingly important element of lending decisions and back book analysis and while lenders can access batch data from the Ministry of Housing, Communities and Local Government, this can be a time-consuming process based and is a month or two behind.

“LiveEPC brings and end to these issues – with real-time data designed for easy integration with mortgage lenders’ existing systems through a robust API.

“This seamless integration of live EPC data can empower lenders to make better informed decisions, more quickly and more efficiently – and, ultimately, this will benefit everyone in the process.”

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