Banking API — Mortgage Brokers
Instant Mortgage Pre-Approval with CDR Bank Data
Deliver same-day mortgage pre-approvals by combining CDR-verified income, expense analysis, and commitment detection into a complete financial picture. Reduce document requirements and accelerate borrower readiness.
The Challenge
The traditional pre-approval process is too slow for the pace of Australian property markets, and the document burden drives borrower drop-off.
The Solution
Fiskil combines income verification, expense analysis, commitment detection, and deposit tracking into one API call, enabling brokers to assess pre-approval readiness in real-time.
Capabilities
How Fiskil Helps
Real-Time Financial Snapshot
Retrieve a complete financial profile — income, expenses, commitments, and balances — from a single CDR consent in under 60 seconds.
Borrowing Capacity Estimation
Calculate indicative borrowing capacity using verified data aligned with major lender serviceability models, reducing the gap between pre-approval and formal approval.
Document Requirement Reduction
Replace up to 80% of traditional document requirements with CDR-verified data, leaving only identity documents and property-specific items for the borrower to provide.
Deposit and Savings Verification
Verify genuine savings history and deposit accumulation patterns directly from transaction data, satisfying lender requirements for deposit source evidence.
Implementation
How It Works
Borrower Initiates CDR Consent
During the initial consultation, the borrower completes a CDR consent flow covering all relevant bank accounts — typically taking under 2 minutes per institution.
Pull Complete Financial Profile
Fiskil retrieves 6-12 months of transaction data and generates a comprehensive financial profile covering income streams, expense categories, and existing commitments.
Assess Borrowing Capacity
The API calculates indicative borrowing capacity using verified figures, accounting for the borrower's actual financial position rather than estimates.
Issue Pre-Approval and Submit
Generate a pre-approval package with verified evidence and submit to the lender. The borrower is auction-ready within the same appointment.
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FAQs
Related Use Cases
Proptech
Mortgage Pre-Approval
Pre-approve home buyers instantly using verified banking data. Calculate borrowing capacity accurately and generate pre-approval letters in minutes.
Mortgage Brokers
Income Verification
Deliver tamper-proof, bank-verified income data for mortgage applications. Fiskil's CDR-connected API saves brokers 40 minutes per application and supports the 7x YoY growth in mortgage consent volumes.
Mortgage Brokers
Expense Analysis
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.
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