The partnership will allow all users of Twenty7Tec’s platform, CloudTwenty7, to benefit from Hometrack’s broker automated valuation model (AVM), expediting the mortgage application process for brokers and applicants.
Hometrack has adapted and tailored its model, optimising use and relevance for mortgage brokers to help filter pre-application valuations.
In addition to the broker AVM, the solution includes a range of property attributes from Hometrack’s ‘data lake’ and ‘data ecosystem’, which allows brokers to avoid the need to go through questions with customers.
James Tucker, chief executive at Twenty7Tec, said: “The integration of the Hometrack broker AVM with our CloudTwenty7 platform is intended to provide our users with another mechanism through which they can seamlessly access property data, and a unique AVM.
“We believe this can be invaluable in assisting advisers in ensuring that they find the right product for their client in the shortest possible time.
“We look forward to working with Hometrack to deliver other innovations that deliver real value to our users”.
George Robbins, VP of commercial at Hometrack, added: “Our new partnership with Twenty7Tec has been designed to support their broker users as they verify estimated property values and obtain details of the subject property – reducing resubmissions, increasing accuracy and driving efficiency like never before.
“It also supports our broader strategy to see mortgages delivered in minutes, and helps to realise our vision for a digitised mortgage journey for lenders, brokers and consumers alike.
“We look forward to partnering on further innovation with Twenty7Tec in the near term, and to consolidating our relationship further.”
