Consumers are increasingly researching and applying for mortgages online, wanting a better, quicker, and more convenient experience.
They often want to understand their likelihood of approval and view potential loan terms, without impacting their credit score, and will quickly abandon a journey if it is too confusing, time consuming, or if they question their chances of being accepted.
Lenders who can offer this transparency empower consumers to make informed decisions, reduce uncertainty, and save time by focusing on mortgage options that are truly within their reach.
Mortgage Engage+ is an eligibility solution that gives a simple traffic light view of a consumer's likelihood of being accepted for a mortgage offer, and whether they can afford the monthly repayments, as well as the overall loan amount, using an array of data sources such as bureau, ONS and CATO.
A short question set gives consumers quick results at any time of the day, or night with an informed and easy to understand view of the mortgage products they are eligible for, with clear repayment terms.
As a result, the online mortgage application process becomes more efficient, user-friendly, and streamlined from application to approval.
Download product sheetA short question set gives consumers quick results for a better consumer experience
Consumers know the products they are eligible for, with clear and understandable rates and terms
Save time and resource by capturing information from the consumer for an early view of their eligibility
Maximise conversion rates and reduce dropouts with a clear and easy to understand consumer journey
Only progress applications that are likely to be accepted, increasing conversion rates and reducing declines rates.