Remote valuation brings data-driven methodology to the market
e.surv, a residential property valuation provider, has announced that it is now using accumulated data and insight of its new build database to quickly identify sites which are suitable for remote valuations.
The surveyor firm said its remote valuation for new build product was bringing a data-led methodology to the market, increasing speed, and injecting cost benefits, while reducing carbon emissions from fewer site visits.
“On receipt of first valuation instruction to a new development, our surveyor will visit the site, collect information, and assess its suitability for remote valuation,” explained Mark Goodfellow, product lead at e.surv. “Once peer reviewed by our specialist new build team, an automated data driven triage process is deployed for subsequent inspections.
“We tailor the service to every lender’s individual risk appetite. We digitally collect information such as the UK Finance Disclosure Form, site, and floor plans from developers. A local surveyor will carry out the remote valuation on receipt of the requested documents. The output is then automatically formatted into the lender’s mortgage valuation report.”
e.surv, which has recently announced an expanded partnership with Virgin Money, said new build remote valuations were currently being used by several high street lenders.
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