Selina Finance launches no-val products with Hometrack broker portal integration
By Tara SammonsSelina Finance has launched no-valuation product options with the integration of Hometrack within its broker portal and via its broker API.
Section: Products
The upgrade gives brokers instant access to Hometrack automated valuations (AVMs) at no cost to either the broker or borrower.
Hometrack is an AVM provider supplying property data and analytics to banks, building societies and specialist lenders.
Its integration into the Selina Finance broker portal means brokers can now see an instant valuation figure at application stage and progress cases without a physical valuation where the figure meets Selina’s criteria.
Brokers will also find out straight away when a Hometrack AVM is not eligible. If a broker or client wishes to use a different figure, there is still the option to move to a drive-by or full RICS valuation.
Matthew Batte, head of intermediaries at Selina Finance (pictured above), commented: “The launch of our no-valuation products with the addition of Hometrack is a clear step in our plan to make the process faster and simpler for brokers.
“Instant valuations where criteria are met mean fewer delays, less cost and a smoother experience.
“Brokers told us they wanted more clarity and more control at the point of application, and this upgrade hits that brief exactly.”
Keywords: Selina Finance, novaluation products, Hometrack AVMs integration, Matthew Batte, broker portal upgrade, automated property valuations, Selina Finance broker API, instant valuation process, specialist lender technology, AVM eligibility criteria, drive by valuation option, full RICS valuation option