How Akkuro is simplifying the mortgage acceptance process


The acceptance of mortgage applications is an important step in providing consumers their mortgages. During the acceptance phase consumers go through a thorough screening in which for example documents and credits scores are validated.
Summary
- Mortgage acceptance hinges on accurate calculations that meet evolving legal and risk criteria.
- Changing rules demand agility, but most lenders lack the time or resources to manage constant updates.
- Akkuro’s APIs simplify mortgage acceptance with compliant, low-maintenance, and always-up-to-date calculation services.
See how API-powered mortgage calculations help lenders stay compliant, reduce risk, and streamline the acceptance process.
Securing the mortgage acceptance process
A valuable step in the acceptance phase is the assessment of the financial situation of a consumer. The income, expenses and obligations are checked against the loans and the value of the property.
This step of the process is essential for multiple reasons: to ensure the consumer's ability to meet their mortgage obligations, to maintain an acceptable level of risk for the lender, and to comply with legal and regulatory requirements.
The need for agility in mortgage acceptance
With legal and regulatory requirements changing every year, the desire of lenders to change their acceptance criteria and the need for precise and correct calculations to reduce risk mortgage calculations change often. As a result, mortgage calculations adjustments require a high level of expertise, maintenance, and the agility to respond quickly.
In this Akkuro identified an opportunity to simplify the mortgage acceptance process; standardized mortgage calculations as a service.
Our approach to simplifying mortgage acceptance
From our perspective, it is important to place the burden of complex and compliant software in the hands of experts. Additionally, maintaining the correct criteria should not become a burdensome task. For this reason, our APIs were developed to integrate these requirements directly into both technology and processes.
Akkuro offers API's for mortgage calculations that are;
- Easy to implement into new or existing software solutions
- Low on maintenance
- Always available with 99,97% uptime
- Always up to date with legal and regulatory requirements
- Integrated with all Akkuro Calculation services
Interested to find out more about Akkuro’s Calculations-as-a-Service? Feel free to get in touch.

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