The residential property report includes a valuation from Hometrack’s automated valuation model (AVM), local market trends, comparable properties and recent market sales.
Insight, valuation and automation provider Hometrack has onboarded mortgage broker Coreco as the latest firm to use its Property Valuation Reports (PVRs).
Hometrack’s PVRs provide reports of relevant information to help best advise clients base and cater to individual needs.
The residential property report includes a valuation from Hometrack’s automated valuation model (AVM), local market trends, comparable properties and recent market sales.
Andrew Montlake, managing director at Coreco, said: “Coreco are delighted to partner with Hometrack in offering our clients a bespoke residential property report.
"These can really help to guide our clients, and brokers, as to the likely value of the property they are remortgaging or looking to purchase.
"This enables us to set expectations accordingly and help to remove the prospect of time-sapping down-valuations.
“Clients expect so much more these days in terms of service and the customer journey, and rightly so, and anything brokers can do to make the mortgage experience more satisfying by adding value at every stage will enhance this.”
Spencer Wyer, vice president, product and technology at Hometrack, said: “Brokers rely on efficiency and accuracy, which is what we will deliver to Coreco through our Property Valuation Reports.
"The pandemic has underlined the need for automation in the property valuation market, with digital valuations the only viable option in a time of social distancing.
“While the world is opening back up now, that need for speed has in no way diminished.
"We look forward to supporting Coreco and its brokers with the most accurate PVRs in the industry, and to growing our relationship for the future with new and innovative products we are working on for Brokers.”
