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

March 15, 2023