Target Group has enhanced its Mortgage Hub originations platform with real-time transaction data from credit risk solutions provider, Atto.

The collaboration with Atto, which rebranded earlier this year from DirectID, aims to provide real-time open banking information and deliver instant insights into the financial behaviours of borrowers.

Real-time insights and historical transaction data allow lenders to build an accurate risk profile for each individual, while new data sources such as rental payment history increase the customer pool and create opportunities for more first-time buyers or single individuals returning to the market.

Atto said that its input into Mortgage Hub will continue to improve the overall experience for all parties involved in the mortgage process, and that the partnership will enable lenders to make informed decisions faster – helping to accelerate the mortgage process for consumers and brokers.

Communications and marketing business partner at Target Group, Amy Morgan, said: “Open banking allows lenders to do more business and faster, as well as understand marginal customers who may not be served by the current model. Given our shared ethos, Atto is an excellent fit for Target Group and for Mortgage Hub.”

CCO at Atto, Clare McCaffery, added: “Open banking and transactional data plays a critical role in driving better decision making and delivering greater efficiencies across the entire mortgage process. Atto is at the forefront of adoption and we’re proud to be working with Target.

“Mortgage Hub is set to revolutionise the way that lenders and brokers place a mortgage and we are excited to be part of supporting its continued evolution.”

---