Twenty7Tec offers analytics platform for free to 90% LTV lenders

Twenty7Tec has announced that it will provide its analytics platform, INSIGHT, free of charge to any mortgage lender entering the 90%+ LTV market, who isn’t already a subscriber.
 
The mortgage technology provider said it “firmly believes” the UK’s economic recovery will be aided and supported by a fully functioning housing market.

As demand from first-time buyers continues to outstrip supply in the housing market, Twenty7Tec suggested that providing access to its data will allow lenders to make appropriate decisions every day about their portfolios of products, and “play their role” in a mortgage and housing-led recovery. 
 
INSIGHT will provide lenders with real-time data on how their products are performing with intermediaries, Twenty7Tec stated, as well as help with tranche management, estimated pipeline volumes, ESIS production, market trends and search trends in the high LTV market. 
 
“This is our way of trying to give something back after the success we have had as a business,” said Twenty7Tec sales director, Phil Bailey. “It is also a way of supporting this essential part of the market which is the gateway to first-time buyers playing their role in unlocking the first step on the housing ladder.

“Lenders want to lend, and in general, are well-funded. However, with their slow and cautious return to market we are seeing little sign of returning to normality.

“We’re entering what are traditionally the busiest weeks of the year for the mortgage and housing market – from September to mid-December – and this offer will help everyone to navigate that period judiciously.

“We want lenders to feel confident in the high LTV market once again, we want to provide them with the tools to help them better manage their risk and help mitigate some of the operational challenges at this time. Real-time data in an ever-fluctuating mortgage market is critical right now.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.

Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.


Inside the world of high net worth lending
The mortgage market continues to evolve, and so too does the answer to the question: what is a high net worth individual in today’s market? In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Stephen Moroukian, Head of Product and Proposition for Real Estate Financing at Barclays Private Bank, and Islay Robinson, founder and CEO of Enness Global. Together, they explore what brokers really need to know when supporting high net worth individuals.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.