The Mortgage Check is India’s first centralized electronic database of mortgage information. Developed in consultation with the National Housing Bank (NHB) and other industry institutions, it uses sophisticated match logic customized for the Indian market that allows banks and financial institutions to share and access mortgage information easily, consistently and in an cost-effective fashion.
TransUnion CIBIL’s Mortgage Check helps lenders identify multi-financing of properties for secured loans.
To identify potential multi-financing risk against a submitted property, enquiries are made on the property address received in mortgage loan application against comprehensive database of mortgage loans and properties where it provides accurate results by performing Exact as well as Approximate matches.
Benefits to lenders:
• Identify the right customer mix based on Mortgage Check scores to ensure right offers are made to the right customers.
• Accurate risk prediction and smarter lending decisions based on appropriate mortgage terms, thereby growing your portfolio safely.