CLSQ has launched LiveEPC to provide UK mortgage providers with real-time access to Energy Performance Certificate (EPC) data.
LiveEPC enables mortgage providers to change the way they make decisions by integrating up-to-date EPC information directly into their systems.
It gives lenders access to the most up-to-date data from EPC certificates submitted to the official register, providing a significant advantage over traditional monthly downloads of text files from the Department for Leveling Up, Housing and Communities (DLUHC), which is a month or two behind.
With LiveEPC, lenders have access to an automated process that delivers data as soon as it becomes available. This process can be used to enable automated mortgage decisions, more accurate valuation decisions and backbook analysis.
Commenting on the launch, Lorenzo Tejada-Orrell, Chief Innovation Officer of CLSQ, said: “The EPC assessment of a property is becoming an increasingly important part of credit decisions and backbook analyses. Although lenders can access batch data from DLUHC, this can be a time-consuming issue. consumption process-based and is a month or two behind.”
He added: “LiveEPC eliminates these issues – with real-time data designed for easy integration with mortgage lenders’ existing systems via a robust API.”