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Mortgage lenders

Calnea Analytics has a wealth of tools of interest to mortgage lenders, including; 

Automated valuations

Following our introduction of Repeat Sales Regression to the UK in 2005, we have gone onto create one of the UK’s most accurate and responsive automated valuation solutions. Now incorporating more data than ever before, our model is created alongside lenders and surveyors to be tailored to the industry’s needs.

These can be delivered by a variety of methods, including: 

Instantvalue™ Portfolio

Our proprietary Automated Valuation Model (AVM) provides a rapid and reliable means of valuing residential property portfolios of any size.  This service enables valuations to be returned using a variety of inputs, including XML code, flat text files or a spreadsheet.  What is more, because of our wealth of property data, we can work with datasets that are incomplete or data-poor.

As part of our Lender Early Warning System, Calnea routinely identifies areas of the country that are experiencing particular forms of property stress – for example concentrations of repossessions, rapidly falling house prices or generalised macro- economic instability. These output flags can be applied on a property by property basis to portfolios to enable better decision making and risk management.

Calnea’s portfolio outputs can be used in a number of areas, including;

  • Surveyor or Panel performance auditing
  • Loan book risk assessment
  • Capital adequacy review
  • Basel II or RMBS applications.

Instantvalue™ Integrated

InstantValue™ Integrated provides users with a full AVM and confidence level (or forecast standard deviation) which can be incorporated seamlessly into your systems via an XML interface or via the Quest or XIT2 processing software.

Calnea also offers AVMLite™ an XML integration producing valuations without confidence levels .

Instantvalue™ Rental

Calnea has a wealth of rental data from its Mouseprice consumer site. We use this alongside our AVM as well as rental achieved data from other sources to assess probably rental levels on properties.

Instantvalue™ Rental is one of the outputs available as part of our Instantvalue™ Portfolio or Instantvalue™ Integrated.

Instantvalue™ Repossession

Calnea receives data from lenders in instances of repossession. We analyse this data against socio- demographic and property market trends to project likely discounts to open market value which would be achieved on a property by property basis, in instances of distressed sales.

This data also helps form part of our Lender Early Warning System™.

Instantvalue™ Repossession is one of the outputs available as part of our Instantvalue™ Portfolio or Instantvalue™ Integrated.

Lender Early Warning System™

Calnea has developed the Lender Early Warning System™ to assist our clients with their lending decisions.

Using our data resources we have analysed the UK property market to understand the key sources of risk to property values that the market currently faces and isolated factors contributing to these risks and their impact on individual localities.

Clients can subscribe to the Lender Early Warning System to assist them in managing their lending exclusions policy – and to assist with loan book reviews to manage risk concentrations out of the loan book through client churn.

Fly-by™ valuation

Search individual property valuation estimates and comparable evidence via a unique mapping interface.

This product enables Quality Assurance and Risk teams to see a wealth of comparable transaction and valuation data within a one kilometer square area around the postcode that you select. Information displayed includes:

  • Individual building outlines overlayed on satellite imagery and mapping
  • Bird’s eye views where available
  • AVM Lite™ valuations and estimated accuracy levels
  • Detailed individual property data where available, including: property type, age, year built, bedroom numbers, building footprint size in square metres, and transaction history.

Calnea Mortgage Valuation Service

Calnea has always provided independent, honest and rigorous analysis to our clients and to the industry as a whole, and so today we are proud to launch a product which offers lenders a deeper understanding of their mortgage risk, and assists them in the unfamiliar territory in which the industry finds itself.

Calnea Mortgage Valuation Service (CMVS) offers a complete analysis of existing loan books, including full collateral valuations by Calnea’s industry leading AVM, and a retrospective audit of all previous surveyors’ valuations to help you identify fraud risk, and systematic over-valuation to better manage a valuation panel.

Uniquely, CMVS also offers 10 year, scenario based projections of loan book performance, including;

·         Likely incidences of arrears and possessions

·         Propensity for prepayment

·         Instances and effects of negative equity

·         Whole loan book cash flows