The analytics business will provide services including prices at origination, point of sale, surveyor audit, fraud detection, portfolio management and risk assessment.
Santander head of property risk David House said: “We have been working closely with Hometrack for some eight years now and their automated valuation and risk modelling services have come to play an integral role in our mortgage processes.
“We value both Hometrack’s independence and accurate housing market intelligence which lie behind its products.”
Hometrack chief operating officer David Catt said: “We are delighted that Hometrack has been chosen by Santander UK as its preferred partner. We have been working with them for some considerable years, during which time we have developed a close working relationship with the bank and its retail risk teams.”
