CLSQ has announced a new webinar in partnership with UK Finance aimed at educating mortgage lenders on the role of instant insured property valuations in enhancing the customer experience.
Entitled What’s next in property valuation: Increasing automation and managing risk, the webinar will explore how lenders can originate mortgages with greater speed and certainty. It will feature key industry speakers, including Rob Stevens, Head of Property Risk at Nationwide Building Society; John Baguley, Principal, Mortgage Policy at UK Finance; and Spencer Wyer, Strategic Development Director at CLSQ.
With the webinar announcement, CLSQ has also confirmed that its “instant” insured property valuations service, VerifyQ, will be underwritten by Aviva.
VerifyQ, launched by CLSQ, is designed to enable faster lending decisions by combining advanced data modelling with insurance backing from Aviva. This approach provides lenders with insured decisions on property valuations, offering recourse against loss in cases of repossession. By reducing reliance on desktop and physical valuations, VerifyQ aims to improve decision-in-principle (DIP) confidence levels while also improving capital risk protection.
The webinar is open to all mortgage professionals working for lender members of UK Finance and is scheduled for 2 April at 10am. Registration is now open.
Wyer said: “We firmly believe that VerifyQ is a gamechanger for mortgage lenders, reducing the need for desktop and physical valuations by providing insurance against loss at repossession, backed by Aviva. This enables lenders to deliver an enhanced customer journey, with a more accurate and de-risked process, helping them to provide faster mortgage offers.
“It also helps to reduce a lender’s carbon footprint, supporting greater sustainability in the mortgage sector.
“This webinar, in partnership with UK Finance, will help mortgage professionals working for lenders to understand how a synergy of data and insurance can help them to deliver customers with an enhanced experience – at the same time as creating a more efficient operating model.”
