The credit committee starts every week on fresh sales

Omar heads mortgage risk at one of Riyadh’s largest banks. His team signs off on thousands of home loans a year. The credit committee prices risk from a valuation report that is three months old. By the time it lands, prices in the fast-growing north have moved. Two analysts spend a week each quarter pulling sales by hand, and the numbers still arrive late. With xMap Flows, Omar built Ledger. Every Sunday at seven, Ledger brings in last week’s recorded property sales across Riyadh, keeps the homes that sold with a price, labels each one a small, family or large home, writes what moved, district by district, and sends the committee a report before Monday’s meeting. On Monday the committee reads last week, not last quarter: about nine hundred home sales, and a note that family villas in the north sold for the most per metre. Omar’s analysts spend their week on the loans, not the spreadsheets. The committee stopped looking back a quarter. Now it starts each week on fresh sales.

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