Allied Surveyors will either source SPML’s valuations from its own pool of over 360 surveyors, or manage the work via SPML’s existing panel of valuers. The lender has taken the step of outsourcing valuer panel management to achieve greater speed and efficiency.
Commenting on the move, Diane Lark, SPML’s executive manager, mortgage lending, said: “As a lender that continues to grow at a rapid rate, we are continually seeking ways to sustain the speed and quality of our service. As volumes of applications have increased, so has the amount of additional valuations we need to instruct, and this entails management time and resources.
“Allied Surveyors has a good track record in panel management, and they are able to supply us with electronic updates at all stages of the valuation, from booking the appointment through to the inspection and report. They also cover all the UK post codes with their own network of valuers, which gives them valuable local knowledge. We are confident that the new arrangement will be successful and beneficial to our own business and will help to provide a sustained level of fast service to our introducers.”