Affordability

Unleash the power of Optimo to make accurate and compliant decisions quicker.

Reduce your lending risk, increase your efficiency and grow your product line with Optimo’s automated affordability checks.

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Overview

Reduce your lending risk with Optimo’s fully automated decision engine to produce robust affordability assessments

Affordability checks have long been complex and required extensive manual effort from underwriters reviewing income and expenditure evidence. Optimo’s automated model allows complex residential and buy-to-let models to support fully automated decisions. Combining rich credit, open banking data and property sources alongside the provided application data, which will allow less reliance on generic affordability data.

Benefits

Unlock the potential of your lending business with Optimo

Choose your credit data sources

Automate your credit decisions with data from our standard integrations of third-party data sources. Empower underwriting teams by streamlining affordability decisions and utilising multiple data points to deliver better and more accurate decisions.

Test against multiple scenarios

Gain the ability to easily refine your affordability models and policies by testing various scenarios against controlled data sets. Understand proactively and historically how adjustments to affordability rules may impact your lending risk and opportunities.

Lend smarter and responsibly

Uniquely profile borrowers based on various factors incorporating their ability and propensity to pay throughout the lending cycle. Instil greater confidence in brokers and borrowers by harnessing technology and data to maintain consistency with affordability decisions.