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Hometrack has won a three year contract to supply Nationwide with an extensive range of automated valuation and risk modelling services.
The contract cements a relationship which dates back to 2008. The licence includes the use of AVM services at origination, point of sale, surveyor audit, fraud detection, buy to let, portfolio management and risk assessment. It takes in Hometrack’s leading AVM (automated valuation model) but also includes the development of new initiatives designed to meet Nationwide’s specific needs.
David Catt, Chief Operating Officer, Hometrack said, “Nationwide has always been an important client to us and we are delighted that they are strengthening their relationship with us. We look forward to working with them on new initiatives which will help support the strategic growth of their mortgage business.”
Hometrack is an independent property analytics business with a proven track-record of providing impartial, accurate housing market intelligence to the lending and property sectors. The company’s extensive client base which includes lenders, developers, and providers of affordable housing, means it has an unrivaled 360 degree view of the property market. With leading authorities in both the lending and housing sectors, Hometrack understands the challenges being faced by its clients today.
Iain Laing, Chief Risk Officer, of Nationwide added; “Hometrack’s credentials are impressive. Their lender solutions are based on a clear understanding of our sector. Their experience in the AVM space is unrivalled as is their understanding of the housing and lending markets. I am delighted to be working with them and look forward to strengthening our relationship in the years ahead.”
The latest Hometrack UK Cities Index reveals that in the three months to September house price inflation in London recorded the lowest quarterly growth for 20 months.
The latest Hometrack UK Cities Index reveals house price growth has fallen to 8.2% as the slowdown seen in cities across the south of England in recent months intensified in August.
London, Tuesday 13th September: Hometrack has been appointed by digital challenger bank, Atom, to provide a range of Automated Valuation Model (AVM) services.
The latest Hometrack UK Cities House Price Index reveals a marked slowdown in house price growth over the last three months, led by a deceleration in London and other high value cities across the south of England.