Lexicon will allocate valuations in accordance with edeus’ instructions and ensure service level agreements are adhered to. Lexicon will also be responsible for quality management.
Lexicon will handle approximately 20 per cent of edeus’ valuation activity using a panel of experienced surveyors and valuers located across the country. The remaining 80 per cent of valuations will be spread across a panel giving edeus national coverage across England, Scotland, Wales and Northern Ireland.
Alan Cleary, managing director of edeus, said: “edeus is delighted to have Lexicon on board as a key business partner. They will provide an efficient, cost-effective service to source surveys for applications being processed by edeus and will enable us to offer a fast turnaround and high quality service to intermediaries and their customers.”
Mark Glithero, managing director of Lexicon Surveying Services, said: “We are excited to have won the contract to be panel management provider to an important new player in the mortgage market. This partnership will be mutually beneficial to both companies and we look forward to a long and successful business relationship with edeus.”
