CLSQ has launched LiveEPC to offer UK mortgage lenders with real-time entry to Energy Performance Certificate (EPC) knowledge.
LiveEPC empowers mortgage lenders to vary the way in which they make choices, by integrating up-to-date EPC data instantly into their programs.
It permits lenders to entry probably the most present knowledge from EPC certificates lodged with the official register, offering a major benefit over conventional month-to-month textual content file downloads from the Department for Levelling Up, Housing and Communities (DLUHC), which is a month or two behind.
With LiveEPC, lenders have entry to an automatic course of that gives knowledge as quickly as it’s out there, which can be utilized to facilitate automated mortgage decisioning, extra exact valuation choices and again e-book evaluation.
Commenting on the launch CLSQ chief innovation officer Lorenzo Tejada-Orrell stated: “The EPC ranking of a property is changing into an more and more vital component of lending choices and again e-book evaluation and whereas lenders can entry batch knowledge from DLUHC, this is usually a time-consuming course of based mostly and is a month or two behind.”
He added: “LiveEPC brings and finish to those points – with real-time knowledge designed for simple integration with mortgage lenders’ current programs by means of a sturdy API.”
