Hometrack has been appointed by digital challenger bank, Atom, to provide a range of Automated Valuation Model (AVM) services.
Atom Bank, which launched in April 2016, has outlined its intention to launch an intermediary mortgage offering by the end of the year as it expands the range of products and services available to customers.
David Catt, Hometrack’s chief operating officer, said: “Atom Bank is an innovative, forward-thinking business and we are delighted to be working with them as they look to establish their position in the retail banking market. As a technology-driven business we believe there is a natural synergy between the services we provide to clients and the end-to-end digital solution Atom Bank offers its customers.
“We look forward to sharing our knowledge, insight and analytics with Atom Bank to give them the evidence and confidence to make informed business and strategy decisions about the residential property market.”
Maria Harris, director of mortgages at Atom Bank, added: “We are focused on creating a seamless experience for our intermediaries and their customers so it is crucial that we are able to give fast, accurate lending decisions. When it comes to mortgage lending, AVM technology is a key part of that process and therefore we have appointed Hometrack to support in this area.”