Castle Trust teams up with xit2
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Castle Trust has partnered with xit2 to manage its valuations when it launches into the mortgage market.
The would-be lender, which is waiting for its Financial Services Authority authorisation to launch its partnership mortgages, is planning to use xit2’s valuation exchange.
Mark Blackwell, managing director of xit2, says the tie-up will help Castle Trust minimise risks across its valuations process and demonstrate to the regulator it is meeting its treating customers fairly obligations.
James Neave, head of lending at Castle Trust, adds: “Control and monitoring of service levels are crucial to Castle Trust, so it is vital we partner with a technology provider that gives us confidence they will meet our management needs and minimise our risk.
“The valuation exchange fits the bill perfectly – it provides flexible technology as well as vital risk management controls.”
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