Range of services (continued)

  • Undertaking cost-benefit analyses
  • Carrying out comparative tests of AVM providers
  • Undertaking pre-implementation analysis
  • Designing in-house process flows to incorporate AVMs within existing procedures
  • Preparing formal proposals for consideration by internal committees and boards
  • Facilitating and monitoring implementation
  • Undertaking audits of existing AVM processes, including arranging physical external inspections of properties previously valued by AVM if required
  • Provide an independent AVM process sign-off, as specified by FSA

Ensure AVM use complies with requirements of:

Basel 2

Financial Services Authority

Council of Mortgage Lenders

Building Societies Association

Rating Agencies

Royal Institution of Chartered Surveyors