MogoPlus: Releases Mortgage Stress Indicator for Australian banks and borrowers
- MogoPlus is a leading FinTech business providing data and insight solutions to businesses requiring straight through processing
- Launched a Mortgage Stress Predictor, a predictive insights solution to help banks and borrowers proactively
- Against the backdrop of higher interest rates and weaker house prices
- With refinancing volumes soaring, banks are being challenged to manage customer retention
- Borrowers may face an affordability problem under responsible lending standards as their new mortgage interest
- Whilst banks have tools to analyse their overall portfolios, until now
