Innovation Award 2008 for EUROPACE

Hypoport Stater B.V. convinced the jury with its introduction of the first independent transaction platform "to bring together all of the players in the mortgage market, without them having to first integrate the complex software into their system architectures". Its state of the art technology increased market transparency and was, moreover, easy to operate, allowing market players to interact more efficiently. EUROPACE thus enhanced the flexibility and ensured the sustainability of the system, offering a solution that responded to market demands. The individual risk-based pricing system used by EUROPACE "offered clear advantages over the conventional evaluation of loan terms based on average risk profiles", according to the jury. The transaction-dependent business model offered platform users the opportunity to enter the market at low risk. For this reason, the jury was convinced that the pricing model developed by EUROPACE "offers an interesting and proven concept that is extremely innovative in the Netherlands".