A major bank insurer asked RiskCo to develop a tool to calculate mortgage interests
We used ProductXpress as a calculation engine to calculate the mortgage rates. The mortgage interest calculations contained various product options and made use of a central database to acquire information about the rates of interest in the market.
On the basis of this model, a tool was created with which the mortgage interests of diverse competitors could be compared at a glance. This tool contained ‘buttons’ with which the interest rates could be steered and compared with those of competitors.
This comparative tool has been rolled out and has since formed the basis for pricing the mortgage products