The online residential mortgage analysis system offers lenders insight into the residential mortgage market
Moneyfacts has launched an updated version of its Residential Mortgage Analyser which includes a different IT platform with faster responses.
The online residential mortgage analysis system offers lenders insight into the residential mortgage market and will have a new look and layout which Moneyfacts hope will make it easier to navigate.
Darren Cook, finance expert at Moneyfacts, said: “The latest version of our Residential Mortgage Analyser is one more innovation that combines accurate industry data with the ability to perform smart mortgage product market analysis.
“We are excited by the release of our new mortgage risk, product availability and consumer demand data tool as part of the new version, which takes an innovative approach to the analysis of the residential mortgage product market in graphical and tabulated form.
“The new tool presents users with up to the minute average, highest and lowest rates across the sector at a high level while giving the ability to interrogate high-level data down to individual provider and product level detail.
“Further system enhancements include a new state-of-the-art IT platform giving increased speed and response, easier navigation with a new look, feel and layout and improved user experience when building reports.”
The system now incorporates a risk, product availability and consumer demand data tool which gives users an indication of market pricing variations of risk and provides a graphical and tabular analysis to pinpoint product availability against consumer demand.
Updated daily, the tool uses consumer demand data from the results of tens of thousands of consumer’s online residential mortgage searches and helps providers spot gaps in the current mortgage market to create prototype products and test drive against competitors.
