CLSQ has launched LiveEPC to provide UK mortgage lenders with real-time access to Energy Performance Certificate (EPC) data.
LiveEPC empowers mortgage lenders to change the way they make decisions by integrating the latest EPC information directly into their systems.
This gives lenders access to up-to-date data on EPC certificates submitted to the official register, a major advantage over the traditional monthly text file downloads from the Department for Housing and Community Improvement (DLUHC), which are one to two months behind.
With LiveEPC, lenders have access to automated processes that deliver data as soon as it is available, which can be used to drive automated mortgage decisions, more accurate valuation decisions and backbook analysis.
Commenting on the launch, Lorenzo Tejada Orell, Chief Innovation Officer at CLSQ, said: “Property EPC ratings are becoming an increasingly important factor in lending decisions and backbook analysis, and while lenders can access batch data from DLUHC, this is a time-consuming process that can be delayed by one to two months.”
He added: “LiveEPC puts an end to these issues with real-time data designed to easily integrate with mortgage lenders' existing systems through a robust API.”