With 34 branches in Cumbria, Dumfriesshire, Preston in North Lancashire and Haltwhistle in Northumberland and over 400 staff, the Cumberland Building Society is the largest Building Society based in Cumbria.
The Cumberland has chosen to roll out ProVal amongst its mortgage operations teams. ProVal is UKV’s core valuation product, and is backed by comparable data from UKV’s unique database. Access to ProVal is provided through XML or direct web interfaces and via third party distributor systems. UKV was selected to provide the solution following a competitive tender process, and the system went live on 30th December 2005, with 60 users given access to AVMs.
Dave Milbourn, Project Manager at Cumberland Building Society said: “As a progressive, forward-thinking organisation, we are always keen to look at new ways to apply technology effectively to improve our operations. We believe that automated valuations will play an important role in the lending process going forward, and weare happy to have partnered with a leading player in the market – UKValuation.”
Graeme Winser, CEO, UKValuation, said: “The Cumberland Building Society is an important win for us, and it demonstrates that we’re well placed to offer low-cost, reliable valuation solutions available on-line and delivered to client’s mortgage operations and point of sale. The Cumberland will benefit from access to the UK’s best data, with comprehensive coverage of England, Scotland and Wales
