ValSafe™ is our valuation risk management and assessment tool. It allows lenders to critically assess the valuations returned by their surveyors.
The valuation returned from the surveyor will automatically be checked against an automated valuation model and a set of risk criteria to help you identify any potential value discrepancies before sharing it with clients.
The way ValSafe™ works is by checking the valuation of the property under assessment, against a set of data points. It will return alerts in case the risks identified are not in line with the predetermined risk appetite/level of the lender.
ValSafe™ assesses each valuation report against 9 automated system checks including our proprietary Automated Valuation model ValCheck Pro™, market data transactions and local evidence. It flags an alert if any of the checks fail the accepted criteria limit setup, which identifies high risk valuations which may require audits or rechecking before they are submitted to clients.
All scoring parameters and risk levels will be customised in line with your risk appetite.