Failsafe
Our Failsafe service protects mortgage insurers and lenders| from the risk of inadvertent or fraudulent overvaluation when assessing a property's value prior to making a loan. Independent tests conducted by lenders and mortgage insurers repeatedly show that Failsafe provides the greatest level of protection while maximising operational efficiency and minimising the impact on service quality - both in the UK and Australia.
Hometrack's Sanctioning Tool, combined with Failsafe, allows clients to review transactions flagged by Failsafe in a rich interactive environment, minimising the cost of investigation and streamlining approvals.
Benefits include:
- Reduced loss from overvaluation and fraud
- Lower investigation costs, and faster, non-intrusive approval process
- Enhanced profitability
- In terms of accuracy, Hometrack's Failsafe service has won every competitive performance test conducted by lenders and mortgage insurers.