Software firm CLSQ has launched a new Energy Performance Certificate (EPC) integration for lenders, which will offer real-time access to EPC data directly from the official register.

Unlike some offerings on the market that are only able to access data that is updated every three months, CLSQ’s new product, Live EPC, delivers point in time EPC information, eliminating the need for manual processes to ensure information is up to date.

CLSQ also suggested that Live EPC can provide a streamlined and automated approach to accessing EPC information, that empowers lenders to make accurate decisions in seconds.

With CLSQ’s product, data is updated as soon as an EPC assessor submits a new EPC certificate for a property, allowing lenders to access information that can be used for immediate impact assessment of green lending initiatives, new lending decisions and back book analysis.

“We provide a full spectrum of data led solutions for the complete property life cycle,” said chief innovation officer at CLSQ, Lorenzo Tejada-Orrell.

“Environmental sustainability is a key consideration for everyone in the industry and the EPC of a property offers a vital piece of information in any lending decision or back book analysis. It also provides the backbone for the growing number of green lending initiatives that are being launched by lenders.

“However, prior to the launch of Live EPC, lenders had to rely on data feeds that were potentially three months out-of-date, or laborious manual processes, to ensure they had the information they needed. Live EPC changes that – simplifying the process through automation, and this gives lenders a data advantage upon which they can build their asset portfolios for the future.”

Chief risk officer for Shawbrook, Hugh Fitzpatrick, commented: “Integrating CLSQ’s Live EPC solution has equipped Shawbrook with valuable real-time data on a property’s EPC record, enabling greater efficiency at origination and facilitating downstream product recommendations tailored to our borrowers.

“Furthermore, CLSQ’s innovative approach and commitment to delivering cutting-edge solutions have significantly improved our decision-making processes. This is just one of many solutions being adopted by Shawbrook to enhance our services and offerings.”

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