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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.”
Latest House Price Index reveals that the recent Budget stimulated an +80% spike in buyer demand for property compared to the four year average.
Paragon has worked with Hometrack since 2014 and the expanded agreement means Hometrack will provide Paragon with its Automated Valuation Model and Rental Value Model services for portfolio valuation.
Acquisition will help Hometrack reach its vision faster and in a more comprehensive way. Hometrack will also welcome a team of experts from EDM to Hometrack who will play an important role as Hometrack's business continues to grow in the months and years to come.
Hometrack, the leading provider of insight and intelligence to the mortgage market, has announced an industry-first partnership with Ambiental and Terrafirma, two leading UK climatology specialists, to deliver a leading climate change risk solution for mortgage lenders.