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MogoPlus: Releases Mortgage Stress Indicator for Australian banks and borrowers

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

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