Castle Trust partners with Xit2

Yuan Phoon

December 20, 2011

Xit2 valuation exchange will deliver valuations for the JC Flowers & Co backed firm.

James Neave, head of lending at Castle Trust, said: “Control and monitoring of service levels are crucial to Castle Trust, so it is vital we partner with a technology provider who gives us confidence they will meet our management needs and minimise our risk.

“The valuation exchange fits the bill perfectly – it provides flexible technology catered to the requirements of valuations as well as vital risk management controls.”

Mark Blackwell, managing director of Xit2, said: “This partnership is a strong endorsement of the quality of our valuation exchange and reflects our hunger to grow our share of the valuations market.

“In a truncated market greater importance is placed on the quality of third party suppliers, and xit2 provides the rigorous oversight that Castle Trust will need. We minimise risk across the whole valuations process.

“It will allow Castle Trust to demonstrate to regulators they are meeting their TCF obligations to closely monitor the performance of their suppliers.”

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