Valex hubs clears 1000 valuations each day
Adrian Winskill, is the national manager group sales at Valuation Exchange, which provides a valuation and valuer panel management solution for the residential mortgage lending industry.Winskill says Valex is a type of valuation hub and considers the company a valuation aggregator, providing a location where financial institutions can gain access to all the different valuation types, delivered through one interface."We provide over 1000 valuations per day, that's around a quarter of a million per year. The overwhelmingly majority are traditional, but we anticipate this number to decrease as more technology driven techniques are accepted."We sit between the banks and the valuation firms, with electronic links with providers such as RP Data, Pacific Property Technologies and Australian Property Monitors."Valex has close to one hundred and forty traditional valuation firms on its national panel of valuer firms, covering every postcode in Australia."