June 26, 2009
Evaluate launches mortgage comparison service
Evaluate Technologies is launching a mortgage comparison service that produces a transparent, commercially unbiased and comprehensive list of bespoke mortgage products which users are specifically eligible for.
Consumers will have the tools to source their own mortgages by entering their circumstances into a simple form.
This information is then matched against all published lending criteria to give the consumer a tailored list of all products that they meet the lending policy for a critical feature when lenders credit-score mortgage applicants and mark them down if they have been declined by other lenders.
Results are then shown in a clear and concise way, enabling users to choose what suits them most, in much the same way as they currently do for car insurance and other financial services.
Evaluate displays 100% accurate and up-to-date mortgage products. Over 98% of mortgages on the market are presented to the consumer, including direct-to-lender products.
Paul Fradgley, chief executive officer at Evaluate Technologies, said: “There is a massive £150bn mortgage market out there and we’re seeing a lot of interest from the big traffic generators, like supermarkets, keen to use the technology as the online space increases its share of that market. Estate agents are also seeing the value of customers going online and seeing what mortgage they can get on a property.
“This is the first time consumers will be able to see a full list of mortgages available on the market and that is behind what is driving interest in Evaluate.”
Source : YourMortgage
