"The key to providing maximum value to our lender clients is to ensure their valuations are being placed with the most relevant and experienced valuers."
Valuation Audit Services has launched a new, independent, valuation panel management company, VAS Panel.
VAS Panel assists lenders in the instruction of loan security valuations from a hand-picked valuation panel ranging from established local practises to larger multi-disciplined valuation companies with offices nationwide.
VAS Panel is aimed at all lenders, from assisting with the placement of a valuation where the lender does not have the time or coverage to do it themselves, to full panel management.
It also aims to assist growing lenders who are either expanding their lending into a new part of the country but not familiar with valuers in that area, or carrying out different types of lending where specialist valuers are required.
VAS Panel’s affiliated company, VAS Audit, is also on hand to perform valuation auditing, carried out by experienced surveyors.
Stephen Todd, co-founder of VAS Panel and founder of VAS, said: “The key to providing maximum value to our lender clients is to ensure their valuations are being placed with the most relevant and experienced valuers. The property lending market requires valuers to carry out a huge variety of different valuations ranging in complexity and specialisms, from a terraced house to a large scale development and everything in between.
“Being able to place valuations through our sophisticated panel and bespoke software, combined with a valuation auditing service, is unrivalled and will help our clients reduce property specific lending risks. Adding VAS Panel as a new service to further assist lenders therefore makes perfect sense.”
Gina May, co-founder of VAS Panel, added: “We pride ourselves on providing a fantastic customer service in all areas of the job. We are able to provide both lenders and brokers with a tailor-made service to an industry where speed is of primary importance.”