"Given our shared ethos, Atto is an excellent fit for Target and for Mortgage Hub."
- Amy Morgan, Communications & Marketing Business Partner at Target Group
Atto is working with Target Group to provide real-time open banking information that delivers instant insights into the financial behaviours of borrowers. This partnership will enable lenders to make informed decisions faster, which will inevitably simplify the mortgage process for customers and brokers alike.
Real-life insights and historical transaction data allow lenders to build an accurate risk profile for every individual, while new data sources such as rental payment history create opportunities for more first-time buyers or single customers returning to the market.
Atto’s involvement with Target Group’s Mortgage Hub will continue to improve experiences for all parties involved in the mortgage process. Replacing traditional processes with data-driven decision-making will reduce the Group’s reliance on outdated and inefficient practices which have previously contributed to slow mortgage originations.
“Joining forces with Atto means we can harness its market-leading open banking data and technology which will help to significantly speed up the mortgage process. Open banking allows lenders to do more business and faster, as well as understand marginal customers who may not be served by the current model,” said Amy Morgan, Communications & Marketing Business Partner at Target Group.
Clare McCaffery, Chief Commercial Officer at Atto, added: “Open banking and transactional data plays a critical role in driving better decision making and delivering greater efficiencies across the entire mortgage process.”
“Target’s Mortgage Hub is set to revolutionise the way that lenders and brokers place a mortgage, and we’re excited to be part of supporting its continued evolution,” she concluded.
