The Valuation Exchange developed by xit2 is able to streamline the valuation instruction process, which can reportedly halve the time taken to instruct the valuation. This time saving is sustained throughout the process and would offer a tangible benefit to intermediaries who regularly receive pressure from clients on items affecting the speed of the mortgage offer, which are out of their control.
Tim Dawson, managing director – Mortgage Express said: “By linking our panel surveyors through xit2’s Valuation Exchange we have a single, efficient system that is designed to speed up the process. This will deliver a tangible benefit to both our intermediaries and surveyors.”
Paul Duckworth, managing director – xit2 said: “Mortgage Express is a great example of a progressive lender seeking to further improve service standards and realise cost savings by using the latest technology. By simply logging on to the Valuation Exchange via the Internet allows Mortgage Express to allocate valuations in a timely and cost-free fashion. One of the most sophisticated time savers is that if a valuation is not accepted by the surveyor within a specified timescale then it is automatically reassigned. The progress of the valuations are shown on the system so that everyone is kept up-to-date and informed.”