Valocity aims to cut valuation turnaround times
Property technology and data firm Valocity is working on new products to speed up valuation turnarounds, as processing times are hit by record housing demand.
The firm, which works with banks to provide accurate house prices to lenders and advisers, is looking at "hybrid solutions" that will combine data insights with work from human valuers.
“The need for additional ‘hybrid’ products is increasingly evident, where the expertise of a registered valuer is combined with the use of data and technology," said James...MORE»
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Registered valuation chaos
Unprecedented demand in the housing market is causing a backlog for registered valuations as valuers struggle to cope, according to real estate specialist CoreLogic.
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