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Exact taps real-time credit checks on spending habits

  • 12/11/2012
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Exact taps real-time credit checks on spending habits
Exact, the mortgage servicing and asset management business has added real-time credit data to its collections department's armoury, which enables them to review real-time borrowers' spending habits.

If a borrower claims that they can’t pay their mortgage, but are spending money on non-essential items, this can be discussed with the benefit of real-time credit data, said Exact.

The intelligence also facilitates the agreement of realistic and affordable repayment solutions whilst treating borrowers fairly.

Ian Lonergan, CEO of Exact said: “It is important that we invest in the best technology in order to improve our intelligence and expertise not only to help borrowers who find themselves in a difficult situation but also to protect our clients from arrears and ultimately losses.”

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