The lender has introduced automated valuation models (AVMs) for eligible Shawbrook residential (RI & RI0) applications, providing time and cost savings for brokers to pass on to their clients.
Brokers also now have access to an expanded valuation panel, which will give them greater autonomy by allowing them to conduct their own due diligence and research to find a suitable match for the client.
Brokers may re-select a previous valuer to carry out further valuations for the same client or security, provided the valuer remains on the Appraisers UK panel.
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Emma Cox, sales director for Shawbrook’s commercial mortgages team, said: “We actively seek feedback from our broker partners with the simple aim of enhancing the broker’s journey and experience with us.
“The introduction of AVMs and the new valuation pilot programme are examples of that, and I am delighted that we have been able to execute them so quickly to cement quality and consistency at the heart of such a crucial stage in the completion process.
“I look forward to the remainder of the improvements planned in our Summer Stampede series and am confident that they will be of great benefit to all our business partners.”
The programme will initially be piloted by a panel of Shawbrook’s broker partners in order to streamline the process and ensure a smooth delivery when it is rolled out more widely over the coming weeks.
The Summer Stampede campaign follows the launch of Shawbrook’s “Spring Fling” series earlier in the year.
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