The reports — obtained using the fintech company’s INSIGHT platform — will focus on demand levels in the mortgage market by analysing three key metrics:
- volume of intermediary searches across all users
- volume of ESIS documents produced by all intermediary users
- value of loans requested in total via the production of ESIS documents by all intermediary users
The data will show the performance of the market over the past week, up to and including the previous day’s activity.
- Masthaven launches new broker portal offering instant DIPs for bridging
- Covid-19 could cost the BTL sector £14.9bn in three months
- Is it 'business as usual' for the specialist finance sector?
It aims to enable intermediary and lender firms to quickly identify key movements in activity in order to forecast consumer demand, intermediary workloads, pipeline business and revenue.
According to the latest statistics, search volumes have dropped around 5% compared with last week.
In addition, the total value of loans requested via ESIS document production has declined by 8%.
James Tucker, CEO at Twenty7Tec, commented: “It has never been more critical to use data to predict trends in demand that will support the timely and proactive behaviours needed to ensure our industry is able to weather this crisis.”
Leave a comment