Stroud & Swindon, the 14th largest Building Society in the UK, has chosen Xit2’s Valuation Exchange for their existing panel manager Countrywide Panel Management Services to manage their valuations instructions.

The Valuation Exchange, developed by Xit2, streamlines the valuation instruction process, and introduces cost and time savings. The Xit2 system is used by firms throughout the industry and is chosen for its ability to keep the movements of the valuations shown on the system so that everyone is kept up-to-date and well informed.

Stroud & Swindon has an excellent reputation for their customer service and a wide range of competitively priced mortgage products.  The Society operates through a dedicated team of intermediary business development managers, with a branch network of 22 offices and 20 agencies in the South West, complemented by a Contact Centre based in Gloucestershire and a website. The addition of Xit2’s Valuation Exchange will be a further enhancement of their service.

Andy King, Senior Manager - Lending at Stroud & Swindon, commented, "Xit2’s Valuation Exchange provides a single, efficient system which speeds up the entire valuation process. With the progress of the valuation displayed on the system, everyone is kept up-to-date and informed which delivers a tangible benefit to our intermediaries, clients and surveyors. Our staff can use the web-based logon to instruct valuations and also track the progress of the case. This will be a valuable tool in keeping all parties concerned well informed throughout the entire valuation process."

David Ford, Director at Xit2, commented: “This is another wonderful endorsement of the system to have been chosen by Stroud & Swindon.  Xit2 has delivered a system which puts Stroud & Swindon firmly in control of their valuation process.  It is a real accomplishment for us to be chosen to provide a new automated system, which offers such substantial benefits for both business and clients.”