View more on these topics

xit2 signs up with Movewithus

xit2, the online property data network, has announced a new deal to supply valuation management services to property service group Movewithus.

The independent Asset Manager and LPA Receiver will be using xit2’s Valuation Exchange to manage the instructions process on their repossessed and vacant properties.

Peter Gammon, asset management director at MWU, says: “As an innovative supplier ourselves and one which continues to utilise online management systems, we chose to manage our valuations through xit2’s Valuation Exchange because it will provide better, more transparent, management information without compromising our internal controls, helping us to manage our client service levels more effectively. 

“We will obtain MI and performance reports swiftly, with all data exchanged between parties meeting our high standards of security. 

“Furthermore, using the Valuation Exchange will mitigate our risk by managing our existing panel of surveyors online.  It will also allow us to track and audit all the work undertaken on our behalf and bring improved third-party oversight to the repossession processes.”

Mark Blackwell, managing director of xit2 says, “While we hope the Valuations Exchange will help Movewithus run their business more efficiently than ever we also hope the Valuation Exchange is going to demonstrate, yet again, that it can provide an auditable trail of activity and communication that has TCF and third party oversight at the heart of its design. 

“With the time to sell a repossessed property critical for lenders to manage, the communication between lenders and asset managers is only set to increase as asset managers spend longer selling and maintaining repossessed properties.”

Recommended

Coalition government sets out agenda

The coalition government of the Conservative party and the Liberal Democrats has revealed its plans for banking reform and tackling the budget deficit, though has avoided the question of what will happen to the Financial Services Authority.

john_murray.jpg
2

In the footsteps of the dictator

Industry gurus who went on record last Friday to suggest that a hung parliament may not be such a bad thing may well be eating their words as five days on after the general election the country is paralysed by political uncertainty

Benefits - thumbnail

Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.

Newsletter

News and expert analysis straight to your inbox

Sign up