CoreLogic has launched a new tool to provide more comprehensive customer-level data on home loans.
With Australian property market lenders operating within a new context of tighter regulatory controls and swiftly changing market conditions, the need for a deep and clear understanding of portfolio data has never been higher.
CoreLogic has launched a new portfolio designed to provide a more accurate understanding of where a client is really at, as opposed to what the paperwork says.
The Home Loan Portfolio Analysis solution helps identify portfolio blind spots by matching a lender's existing portfolio data to property-specific data for a more comprehensive view.
CoreLogic executive head of data Tracey Ah Hee said the new form of analysis allows lenders to see key areas of focus.
“It ensures lenders can easily identify what the dollar value of portfolio properties on the market is, how much of the portfolio is derived from rental income and their percentage exposure to postcodes or developments of interest," she said.
The analysis provides lenders with a number of credit and risk tools, such as identification of inaccurate or fraudulent information about income from rental properties on loan applications.
At-a-glance visual key metrics summary for home loan and non-home loan portfolios help manage exposure to postcodes or developments of interest by identifying negative equity positions, property activity, and weak suburb outlook scores.
It can also be used to support customer engagement by providing customers with a benchmark for rental income calculations.
Ms Ah Hee said the analysis enables a better assessment of the business rental book, which borrowers have high exposure and the risk position based on the number of investors in the portfolio.
“Selling, buying, moving and renovating clearly influence home loan refinance or bank switching, so understanding the property sales and listings activities of actual customers is critical.
"Basically, this data allows lenders to proactively support the big financial decisions being taken by their customers, before they walk out the door.
“Insight into a customer’s actual equity position can identify opportunities for growth, or on the flipside, situations where proactive support may be required.”
Click here for more information about CoreLogic's portfolio management.
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