Challenge
A risk you can’t afford
Bad data affects financing and mortgaging. When you’re not very confident about the data, loans can backfire. Whether it’s a residential mortgage or a loan against property, a 100% guarantee that the asset hasn’t been previously mortgaged is critical.
Without robust verification that the same property is not used for different loans, your institution faces the risk of fraud. And it’s a risk you can’t afford.
Product Overview
Don’t rely guesswork when you can enjoy certainty
PropEx is a solution designed to tackle the complexities of immovable asset verification. By uniquely identifying properties, PropEx gives you 100% certainty that the asset you’re financing is not previously mortgaged.
It assigns unique IDs to each property, effectively eliminating the risk of re-mortgaging and financial losses. With PropEx, you can also assess the complete exposure of the builder and project.
Benefits
Swift and accurate verification that a collateral is lien-free, supporting quicker loan approvals
Assess and manage the exposure of builders, and projects to minimize risk
Avoid the risk of long-term losses by financing properties that have already been mortgaged
Resolve similar collaterals by different customers arising from name variations, data entry errors, and inconsistent data standards with fuzzy matching.
Where PropEx Helps
Banking
Uniquely identify and verify properties for risk-free loan approvals
Insurance
Determine the complete exposure of projects and builders to mitigate risks effectively
Mortgage with pinpoint accuracy
Immediate and precise results
Solving current challenges, shaping the future
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