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The service is being marketed at mortgage lenders, hedge funds, investment banks and private equity firms.

It accesses 100 per cent of loans in a pool, quantifies the current risks and creates a tailored assessment report.

Alan Cleary, managing director of Edeus, said: "The main cause of the credit crisis is no one knows what mortgage books are worth anymore so no one is prepared to trade them.

"But this product helps lenders price asset purchase transactions, either by identifying and excluding loans outside their predetermined risk parameters or by maintaining the pool size but negotiating price differentiation to reflect inherent risks

"This is a hugely important development for the mortgage market. It is going to take the market by storm."