Banking API — Proptech
Instant Mortgage Pre-Approval with Banking Data
Pre-approve home buyers instantly using verified banking data. Calculate borrowing capacity accurately and generate pre-approval letters in minutes.
Traditional mortgage pre-approval takes weeks. Fiskil enables instant pre-approval by analyzing banking data to calculate accurate borrowing capacity and verify financial position.
The Challenge
Buyers miss out on properties while waiting weeks for mortgage pre-approval.
The Solution
Calculate accurate borrowing capacity instantly using verified income, expenses, and existing commitments from banking data.
Capabilities
How Fiskil Helps
Borrowing Capacity Calculation
Calculate maximum loan amount based on verified income and expenses.
Commitment Detection
Identify all existing loans and commitments that affect borrowing capacity.
Living Expense Assessment
Calculate actual living expenses from spending patterns, not HEM benchmarks.
Deposit Verification
Verify deposit source and genuine savings history.
Implementation
How It Works
Buyer Connects Accounts
Home buyer authorizes access to bank accounts for pre-approval assessment.
Analyze Financial Position
API analyzes income, expenses, commitments, and deposit from 6-12 months of data.
Calculate Capacity
System calculates maximum borrowing capacity using verified data.
Issue Pre-Approval
Generate pre-approval letter immediately - buyer ready to make offers.
In Practice
How Teams Use This
Mortgage Broker Platform
A broker platform offers instant pre-approval to attract buyers.
Brokers close 40% more deals with instant pre-approval competitive advantage.
Property Portal
A real estate portal pre-approves buyers viewing listings.
Pre-approved buyers are 3x more likely to make offers and complete purchases.
Direct Lender
A bank offers instant pre-approval for online mortgage applications.
Application-to-approval time reduced from 3 weeks to 10 minutes.
Technical Details
What You Integrate With
API endpoints
POST /mortgage/calculate-capacityGET /accounts/{accountId}/serviceabilityPOST /mortgage/pre-approvalGET /mortgage/deposit-verification
Data returned
Borrowing capacity
Verified income
Living expenses
Existing commitments
Deposit amount and source
Serviceability ratio
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
Ready to get started?
Get your API keys today and start building with Fiskil's Banking API.
FAQs
Related Use Cases
Lending
Income Verification
Verify applicant income instantly using real bank transaction data. Fiskil's income verification API reduces loan processing time and improves accuracy.
Lending
Affordability Check
Calculate loan affordability using real cash flow data. Ensure responsible lending with automated affordability checks based on income, expenses, and existing commitments.
Proptech
Rental Application Verification
Verify tenant income and rent payment history instantly from banking data. Reduce rental fraud and speed up tenant approval with automated verification.
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