Hometrack has won a three year contract to supply Nationwide with a range of automated valuation and risk modelling services.

The contract cements a relationship which began in 2008. The licence includes the use of AVM services at origination, point of sale, surveyor audit, fraud detection, buy to let, portfolio management and risk assessment.

It takes in Hometrack’s AVM (automated valuation model) but also includes the development of new initiatives designed to meet Nationwide’s specific needs.

David Catt, chief operating officer at Hometrack, said: “Nationwide has always been an important client and we are delighted that they are strengthening their relationship with us.

“We look forward to working with them on new initiatives which will help support the strategic growth of their mortgage business.”

Iain Laing, chief risk officer at Nationwide. said: “Hometrack’s credentials are impressive. Their lender solutions are based on a clear understanding of our sector.

“Their experience in the AVM space is unrivalled as is their understanding of the housing and lending markets. I am delighted to be working with them and look forward to strengthening our relationship in the years ahead.”