CLSQ launches LiveEPC solution for mortgage lenders

CLSQ has launched LiveEPC – an new solution designed to provide UK mortgage lenders with real-time access to Energy Performance Certificate (EPC) data.

LiveEPC enables mortgage lenders to change the way they make decisions, by integrating up-to-date EPC information directly into their systems. It allows lenders to access the most current data from EPC certificates lodged with the official register, providing an advantage over traditional monthly text file downloads from the Department for Levelling Up, Housing and Communities (DLUHC), which is a month or two behind.

With LiveEPC, lenders have access to an automated process that provides critical data as soon as it is available, which can be used to facilitate automated mortgage decisioning, more precise valuation decisions and back book analysis.

Lorenzo Tejada-Orrell, chief innovation officer at CLSQ, said: “The EPC rating of a property is becoming an increasingly important element of lending decisions and back book analysis and while lenders can access batch data from DLUHC, this can be a time-consuming process based and is a month or two behind. LiveEPC brings and end to these issues – with real-time data designed for easy integration with mortgage lenders’ existing systems through a robust API.

“This seamless integration of live EPC data can empower lenders to make better informed decisions, more quickly and more efficiently – and, ultimately, this will benefit everyone in the process.”