Hometrack to provide bespoke property valuation reports to Coreco


London-based mortgage broker Coreco has become the latest client to use Hometrack’s bespoke property appraisal reports, which aim to improve appraisal efficiency and accuracy.

Hometrack’s property valuation reports include an evaluation of its Automated Valuation Model (AVM), local market trends, comparable properties, and recent market sales.

The intelligence firm said the reports will provide Coreco’s brokers with relevant information, delivered quickly and accurately, allowing them to better advise their clients’ individual needs.

Andrew Montlake (on the picture), the Managing Director of Coreco, said: “These can really help guide our clients and brokers as to the likely value of the property they are re-mortgaging or looking to buy. This allows us to set expectations accordingly and eliminate the prospect of time-wasting downward valuations.

“Customers expect so much more these days in terms of service and the customer journey, and rightly so, and anything brokers can do to make the mortgage experience more satisfying by adding value every step of the way will improve that. “

Hometrack Vice President of Product and Technology Spencer Wyer said: “The pandemic has underscored the need for automation in the real estate appraisal market, with digital appraisals the only viable option in times of distancing. social.

“As the world opens up again, this need for speed has not diminished. We look forward to supporting Coreco and its brokers with the most accurate real estate appraisal reports in the industry and growing our relationship for the future with new and innovative products we are working on for brokers.

Hometrack recently partnered with the Yorkshire Building Society and Leeds Building Society to offer a climate change risk product to help assess its impact on their mortgage portfolios.

He also named Moneyhub, the open financial data, intelligence and payments platform, as his preferred open banking partner.