Mortgage Broker Tools (MBT) has launched a new platform to give lenders live insights into the affordability environment.
The platform, MBT Analytics, will provide lenders with a data-driven interactive dashboard to help them improve their understanding around the affordability calculations of their competitors.
MBT said its analytics platform will allow lenders to view market trends over time, benchmark their affordability calculations against the market, access customer subsegments and also run an unlimited number of specific cases through the platform, all using live data from its MBT Affordability tool.
MBT Affordability provides brokers with an eligibility calculator based on criteria for more than 40 residential and 65 buy-to-let mortgage lenders, and has surpassed 10 million searches to date, carrying out research on mortgage cases worth over £80bn.
MBT CEO, Tanya Toumadj, commented: “MBT Affordability has become an invaluable tool for brokers to carry out comprehensive criteria-driven affordability research as part of their advice process and we have now processed more than 10 million searches through the platform.
“This provides a huge amount of rich data that lenders can use to better understand and adjust their position in the market, just as they might do with rate or criteria. MBT Analytics provides a user-friendly window onto that data, empowering lenders to make smarter, more responsive decisions.”
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