The specialist lender has been using the valuation panel management service since May 2018 to ensure the most relevant third-party valuers were instructed to provide loan security valuations based on location, deal type and value.
Aspen – which offers LTV products of up to 80% for residential, refurbishment and commercial applications – already used VAS Audit on all personal and business loan applications to reduce property-specific lending risks.
Jack Coombs, director at Aspen Bridging (pictured above), said it has had a great experience with VAS.
- Aspen Bridging moves to larger offices after expanding team
- Aspen opens sourcing system direct to market
- Lambert Smith Hampton joins VAS Panel
“[It has] a knowledgeable, professional team that operates with a personal touch that really adds value.
“Add the ‘dashboard’ – which [it] created for us to have total visibility over all ongoing work – and the service is seamless.”
VAS Panel and VAS Audit are part of the VAS Group which includes VAS Software, a cloud-based valuation management framework which allows lenders to better manage their own existing panels.
“In a sector where speed and accuracy are vital, VAS has continually met all service level agreements, which means Aspen has been free to focus on [its] own well-known rapid delivery,” added Gina May, co-founder and director of operations at VAS Group.
“Between our services and Aspen’s, this partnership has led to many efficient completions.”