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HSBC signs three-year valuations and risk contract with Hometrack

HSBC has signed a three-year licence with Hometrack for the property analytics business to provide valuation and risk services for the lender.

Hometrack will provide HSBC with its range of automated valuation model risk services to be implemented across the bank.

Hometrack chief operating officer David Catt says: “We are delighted that HSBC has chosen Hometrack as their preferred partner. We have been working with HSBC for some nine years now and have developed a close relationship with the bank and its retail risk and mortgage teams.

“As an independent business, Hometrack has established a track-record of providing its clients with impartial, accurate housing market intelligence. Our property analytics provide them with the confidence they need to take advantage of investment opportunities as they arise while providing reassurance to investors and regulators in what are demanding markets. We look forward to providing our expanded set of valuation and risk services to HSBC.”

HSBC head of mortgages Peter Dockar says: “We are delighted to be strengthening our relationship with Hometrack – whose track-record with us extends back over nine years. Hometrack’s experience in the AVM space is considerable and widely acknowledged, as is their impressive understanding and expertise of the housing and lending markets. We look forward to working with them more closely in the years ahead.”

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