The Valuation Exchange is a web-enabled central database operating as a 24/7 ASP and is the most advanced system available to lenders and surveyors for valuation process management.

Instructions are received onto the database through automated XML interfaces with lenders and packagers and automatically distributed to the valuation panel according to the lender’s or their panel manager’s business rules.

The surveyor’s enter appointment details and complete the valuation submission online and the instructing source is updated in real time through an automated XML interface into the lender’s mortgage processing platform.

There is extensive functionality built around the process to assist panel management, reciprocation measurement, comparable valuations, photos, underwriting filters, accounts payable, service standard monitoring and many other service elements.