The collaboration will unlock climate risk modelling and mitigation to their mortgage book through advanced digital-twinning technology.
Cotality UK, a leading provider of data and workflow solutions to the mortgage market has announced a major new agreement with Paragon Bank, one of the UK’s largest providers of buy-to-let mortgages. The deal will see Cotality’s new Net Zero Hub, a cutting-edge platform for managing climate resilience and carbon emissions across mortgage portfolios, being adopted by its first user, Paragon Bank.
Using the most advanced data set of UK property energy credentials, Net Zero Hub will provide Paragon Bank with a view on both the physical and transition risks of their mortgage book including energy efficiency analytics for reporting on financed emissions. Additionally, it will facilitate their strategic planning for customer retention and building on their climate framework.
"This partnership marks a significant milestone for Cotality UK,” said Mark Blackwell, Chief Operating Officer. “We are proud to support Paragon Bank in its continued commitment to innovation, compliance, and digital excellence. Our Net Zero Hub addresses the complex demands lenders face in decarbonising mortgage books; in particular the Buy-to-Let market, and we look forward to delivering real value and measurable results.”
"We are excited to partner with Cotality UK and be the first to adopt their innovative Net Zero Hub platform," said Louisa Sedgwick, Managing Director- Mortgages, Paragon Bank. "This collaboration underscores our commitment to sustainability and innovation, equipping us with the tools to better understand and address climate risk while enhancing the energy efficiency of our mortgage portfolio. Together, we are setting a new standard for climate-conscious lending in the Buy-to-Let market."
Cotality UK’s Net Zero Hub is a new proposition and builds on their reputation for market leading data and workflow solutions. This is backed up by seamless implementation, high security standards and excellent customer support.
