Why live auditing can help with the readdress of a valuation report

Daniel Owen-Parr

Managing Director at VAS Assurance

Video Transcript

Either a borrower or a broker may approach a lender with a valuation in another lender’s name or from a valuer not on their panel. An audit of this valuation can highlight areas of concern, general themes and provide confidence that it is suitable for lending purposes. Before instructing a new valuation or approaching a valuer for a readdress, the lender has the confidence to move forward with this transaction. This can save time and money for the lender, plus it provides a better experience to the borrower. A quick note is better than a long drawn-out process.

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