Hometrack to provide automated valuation services to Atom Bank

Ryan Bembridge

September 13, 2016

Hometrack has signed a deal to provide a range of automated valuation services to Atom Bank.

Atom will join 17 of the UK’s top 20 mortgage lenders already using Hometrack  services.

Atom Bank, which launched in April 2016, has outlined its intention to launch an intermediary mortgage offering by the end of the year.

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, said: “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 (automated valuation model) technology is a key part of that process and therefore we have appointed Hometrack to support in this area.”

Hometrack launched its AVM in 2002 and uses proprietary data and algorithms to provide the automated valuation tool.

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