Monitoring of loan portfolio collateral
REdata values collateral at market value from its address and keeps the values of the entire portfolio up to date. Every valuation shows the accuracy of the result and its quality metrics, so the result can be justified.
- Clearer credit risk The collateral’s value shows how much of the credit risk is actually covered by the asset
- The entire portfolio up to date Regular revaluation and LTV monitoring without manual work.
- Justifiable and auditable IAAO quality metrics with every valuation.
How does REdata help?
Loan origination
Today: ordering a valuation report takes several days
- The loan officer sees the property’s market value while the application is being processed
- Building data, cadastre, energy certificate and market data in one view
- Quality metrics show the model’s accuracy
Example: a refinancing application for a Tallinn apartment – the loan officer sees the market value, the accuracy of the valuation and the quality metrics of the statistics-based model.
Portfolio management
Today: collateral values are updated rarely and by hand, and risks surface late.
- Regular revaluation of the entire portfolio without manual valuations
- Early detection of LTV changes by region and segment
- Climate and environmental risks and energy efficiency for every property
Example: a quarterly revaluation shows in which regions LTV has risen above the bank’s internal limit.
Quality and compliance
Today: using a statistics-based model requires a documented methodology and continuous validation.
- Accuracy is measured with IAAO metrics: median ratio, COD, PRD and others
- The methodology and results are documented and auditable
- GDPR-compliant data processing, register data via X-Road
Example: the credit risk department sees, for every region and property type, how accurately the model forecasts market value.
See REdata on your own portfolio
Send us a few addresses and we will show you what the statistics-based model says about them and how it fits your lending process.