Twenty7Tec has announced that it has integrated with aggregated property data solutions provider, WhenFresh.
The move enables users of the mortgage technology provider’s CloudTwenty7 to access property attribute data and valuations as part of the mortgage sourcing journey.
WhenFresh collates more than 200 proprietary, private and public datasets in one place, with the data used by eight of the top 10 high street banks, as well as the Bank of England and leading insurers.
The integration with Twenty7Tec means that property data from WhenFresh can now be automatically populated into the CloudTwenty7 platform. This data includes property type, property style, property tenure, years left on lease, presence of flying freehold, number of floors, wall construction, roof construction, age of property and a property valuation range modelled by WhenFresh data scientists.
“Advisers will find that this solution means that they are instantly able to access key data about a property, helping them quickly select the most appropriate lender for their client,” commented Twenty7Tec sales director, Phil Bailey.
“The valuation ranges provided by WhenFresh will also support advisers in understanding how realistic their clients are being on their assumed valuation, what the likely LTV for that loan is going to be and provide a strong indication of the extent to which the case is likely to pass easily via an AVM, as opposed to being referred for a physical survey.”
CEO, James Tucker, added: “This is a significant step forward in terms of making the process simpler, faster and more efficient. Advisers will no longer need to ask the customer for property details or estimated valuations as this will already be available to them inside our platform.”
WhenFresh co-founder and CEO, Mark Cunningham, said: “Whilst we already supply data to many of the banks, it’s great to see that selected WhenFresh property data will, for the first time, be put in the hands of thousands of mortgage brokers while they process live applications via the Twenty7Tec platform.
“It’s exactly how WhenFresh property data should be used, in making the mortgage process faster, simpler and less expensive for all parties, so we’re delighted to be supporting James and the excellent Twenty7Tec team to fulfil their vision.”
Recent Stories