Under the three-year license, Hometrack will provide services used at origination and point of sale, surveyor audit, fraud detection, portfolio management and risk assessment.
HSBC head of mortgages Peter Dockar said: “We are delighted to be strengthening our relationship with Hometrack – whose track-record with us extends back over nine years.
“Hometrack’s experience in the AVM space is considerable and widely acknowledged, as is their impressive understanding and expertise of the housing and lending markets. We look forward to working with them more closely in the years ahead.”
Hometrack chief operating officer David Catt said the business had developed a close relationship with the bank and its retail risk and mortgage teams over the past nine years: ““As an independent business, Hometrack has established a track-record of providing its clients with impartial, accurate housing market intelligence.
“Our property analytics provide them with the confidence they need to take advantage of investment opportunities as they arise while providing reassurance to investors and regulators in what are demanding markets. We look forward to providing our expanded set of valuation and risk services to HSBC.”
