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Should lenders remove pandemic-related criteria? The support offered to people who became financially vulnerable as a result of the pandemic has been a life- line for some, but as many Government backed schemes - such as payment holidays and the furlough scheme - begin to wind down, it's becoming clear that this support can't last forever.
Almost 70% of respondants - who are most likely made up of mortgage inter- mediaries - opting for "as soon as pos- sible". A further 16% voted "the end of this year" and 14% said "no earlier than next year". This shows an obvious desire for lending criteria to return to how it was pre-pandemic, however as the results of the past 18 months have shown us, lenders are keen to continue providing adequate support and not leave bor- rowers without a paddle.
In a recent poll, Mortgage Solutions, asked: "when should lenders start considering the removal of pandem- ic-based criteria?" and the results pointed in one clear direction.
LendingMetrics’ ADP and Credit Kudos integrations enhanced Finance providers are now able to use LendingMetrics’ Auto Decision Platform to call Credit Kudos data for use with assisted decisioning. integration will give our customer base an unrivalled and ever increasing range of data sources. Once they have gained the necessary authorisations, they’ll be able to seamlessly include more award-winning technology in their deci- sion making and, in doing so, take their businesses to the next level.’
Thanks to an enhanced integration by ADP, its users can tap into a range of Credit Kudos data. Providers can now utilise ADP to use the data available to them from Credit Kudos’ suite of prod- ucts appropriately in their decision- ing, such as Open Banking data which includes credit scoring, effectively using financial behaviour to measure creditworthiness. Clients are already seeing the benefits of the complex integrations and are combining them with LendingMetrics’ own CRA data platform The Lending- Metrics Exchange (LMX) to include multi-bureau credit search information in their decisioning. With all of this facil- itated within ADP, the multi-award-win- ning intelligent solution is now more comprehensive than ever. David Wylie, Commercial Director of LendingMetrics, said: ‘This enhanced
08 | Metrics Monthly
Q3 | 2021
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