Hometrack, the industry leading provider of valuation and automation solutions, and Twenty7Tec, the leading provider of mortgage technology, have come together to deliver a significant enhancement to the digital mortgage journey for brokers and their customers.
The new partnership will allow all users of Twenty7Tec’s platform, CloudTwenty7 to benefit from Hometrack’s new Broker AVM, expediting the mortgage application process for brokers and applicants alike.
Leveraging its expertise as the pioneer behind Automated Valuation Models [AVMs], Hometrack has adapted and tailored its model, optimising use and relevance for mortgage brokers to help filter pre-application valuations. In addition to the Broker AVM, the new solution includes a range of property attributes from Hometrack’s vast data lake and its data ecosystem, which brings significant benefit to brokers, avoiding the need to go through time consuming questions with customers.
James Tucker, CEO at Twenty7Tec, said: “The integration of the Hometrack Broker AVM with our CloudTwenty7 platform is intended to provide our users with another mechanism through which they can seamlessly access property data, and a unique AVM. We believe this can be invaluable in assisting advisers in ensuring that they find the right product for their client in the shortest possible time. We look forward to working with Hometrack to deliver other innovations that deliver real value to our users”.
Commenting on the partnership, George Robbins, VP Commercial at Hometrack, said: “Our new partnership with Twenty7Tec has been designed to support their broker users as they verify estimated property values and obtain details of the subject property – reducing resubmissions, increasing accuracy and driving efficiency like never before. It also supports our broader strategy to see mortgages delivered in minutes, and helps to realise our vision for a digitised mortgage journey for lenders, brokers and consumers alike. We look forward to partnering on further innovation with Twenty7Tec in the near term, and to consolidating our relationship further.”
Designed to deliver a fast, reliable and cost-effective quality check on submissions to lenders, the Broker AVM will help to facilitate a ‘right first time’ service for Twenty7Tec’s users, and the addition of property data ensures accuracy when completing Fact Finds, Mortgage Applications and when quoting or applying for Home Insurance.
Notes to Editors
Hometrack is the leading provider of software, data and analytics for mortgage lending that automates property valuation and risk insight decisions, enabling lenders and brokers to actively manage risk and significantly reduce ‘time to yes’. Our single unifying platform is the benchmark for mortgage property risk management, operating across the mortgage process for all participants, providing over 85 million automated valuations each year, covering both origination and portfolio valuation and risk decision automation for a quarter of UK mortgage originations.