HSBC signs valuation agreement with Hometrack
These will include AVM usage at origination, point of sale, surveyor audit, fraud detection, portfolio management and risk assessment.
David Catt, chief operating officer at Hometrack, said: “We are delighted that HSBC has chosen Hometrack as their preferred partner.
“We have been working with HSBC for some nine years now and have developed a close relationship with the bank and its retail risk and mortgage teams.
“We look forward to providing our expanded set of valuation and risk services to HSBC.”
Peter Dockar, Head of Mortgages at HSBC, added: “We are delighted to be strengthening our relationship with Hometrack – whose track-record with us extends back over nine years.
“Hometrack’s experience in the AVM space is considerable and widely acknowledged, as is their impressive understanding and expertise of the housing and lending markets.
“We look forward to working with them more closely in the years ahead.”