Banking API — Mortgage Brokers
Comprehensive Expense Categorisation for Mortgage Serviceability
Replace HEM benchmarks with real expense data from CDR bank transactions. Fiskil categorises borrower spending into discretionary and non-discretionary expenses, identifies recurring commitments, and produces lender-ready serviceability evidence.
The Challenge
Relying on HEM benchmarks or borrower-declared expenses leads to inaccurate serviceability assessments, application rework, and regulatory risk.
The Solution
Fiskil analyses real transaction data to produce a structured breakdown of borrower expenses that satisfies lender serviceability requirements and responsible lending obligations.
Capabilities
How Fiskil Helps
Discretionary vs Non-Discretionary Classification
Every transaction is classified as essential (housing, utilities, groceries, transport, insurance) or discretionary (dining, entertainment, travel, retail), aligned with lender assessment categories.
Recurring Commitment Detection
Automatically identify loan repayments, BNPL instalments, rent, child support, subscriptions, and other fixed commitments from transaction patterns.
HEM Comparison Analysis
Compare actual expenses against HEM benchmarks for the borrower's household composition, highlighting where real spending exceeds or falls below benchmarks.
Spending Trend Analysis
Track expense trends over 3-12 months to identify whether spending is stable, increasing, or contains seasonal spikes that affect serviceability.
Implementation
How It Works
Obtain CDR Consent
Borrower authorises access to transaction accounts covering day-to-day spending, credit cards, and any accounts used for regular expenses.
Retrieve and Categorise Transactions
Fiskil retrieves 3-6 months of transactions and automatically categorises each into expense types aligned with lender assessment frameworks.
Generate Expense Summary
The API produces a structured expense report showing monthly averages by category, recurring commitments, and HEM comparison data.
Include in Serviceability Package
Submit the expense analysis alongside income verification as part of a complete serviceability evidence package for the lender.
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FAQs
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