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Hometrack has won a two year contract to supply specialist lender Investec Bank plc with automated valuation tools for audit purposes on its Professional Mortgages proposition.
David Catt, Chief Operating Officer at Hometrack said, “We are delighted to be working with Investec, one of the country’s leading specialist banks and asset managers. Hometrack’s services provide the company with a fast, accurate and cost-effective means of managing residential property valuations.”
Alex Hammond from Investec Specialist Bank added. “We have recently used our nimble and flexible approach to customers and significant experience in risk management to launch a new range of Professional Mortgages. We look forward to working with Hometrack as we establish Investec Professional Mortgages in the market and grow the proposition in the future.”
New International Financial Reporting Standards (IFRS9) are due to come into force on 1st January 2018.
Hometrack has been appointed by Foundation Home Loans to provide Automated Valuation Model (AVM) services for its portfolio of Buy to Let (BTL) clients.
Hometrack has been appointed by TSB to be its provider and long-term partner for Automated Valuation Model (AVM) services.
HSBC extends long-standing relationship with Hometrack to deliver valuation and risk services for a twelfth consecutive year.