The Valuation Exchange developed by Xit2 streamlines the valuation instruction process and introduces cost and timesavings through the valuation instruction process.
The Valuation Exchange is integrated with Savills own system, which allows advisors to allocate valuations in a timely manner whilst returning cost savings. If a valuation is not accepted by the surveyor within a specified timescale, then it is automatically reassigned. Timesavings are continued throughout the process and offer a tangible benefit to intermediaries who can receive pressure from clients on items affecting the speed of the mortgage offer, which are out of their control.
The Valuation Exchange will replace Savills’ current fax-based system. Chasing the progress of cases will no longer be a phone based service as progress can now be viewed online.
Paul Duckworth, chief executive officer - Xit2, commented: “Savills is one of the really big names in the market and is an award winning broker with a tremendous pedigree. Their expertise in the high net worth sector in particular has been built on providing unparalleled levels of service and we’re delighted to be supporting that. It is a real coup for us to be chosen to provide a new automated system, which offers tangible benefits for both business and clients.”
Alex King, director of Savills Private Finance, commented: "Xit2’s Valuation Exchange provides a single, efficient system which speeds up the entire valuation process. Additionally, as the progress of valuations is displayed on the system everyone is kept up-to-date and informed, which delivers a tangible benefit to our surveyors and clients. Our advisors will now have a more structured and simpler procedure to use to instruct valuations."
