New cloud-based valuation panel software launches
By Jordan WilliamsValuation Audit Services (VAS) has launched VAS Software, a new cloud-based technology which allows lenders to manage their valuation panel or create a new one from any location
Section: Products
The new product is aimed at lenders of all sizes, but is particularly relevant to bridging lenders who need to find the most relevant and available valuer in the shortest possible time.
VAS Software allows lenders to add their own criteria, including property sector, minimum and maximum values, and specific distances that valuers can travel from their offices.
"VAS Software has been created in response to the daily challenges lenders are faced with when trying to find suitable valuers to carry out loan security valuations across the UK,” said Stephen Todd, founder and director of VAS.
“Finding the right valuer – in the right location, with the right experience – is paramount to reducing lending risks.
“This is made even more difficult if a lender does not have the time or tools available to effectively build and manage a valuation panel that deals with all of their needs.
“As our software is cloud based, any updates can be made instantly with all users being able to access the software from any location at any time.
“This allows greater control over which valuer is instructed and allows a lender to forge relationships with local valuers across the UK."
Keywords: Valuation Audit Services, VAS, bridging finance, commercial finance, cloud based technology, fintech, valuation, property, housing, lenders, brokers, intermediaries