Method-VM, the valuation and development monitoring panel management firm, has completed the development of its suite of client-facing RESTful APIs that allow lender’s to directly integrate into their origination systems.
This firm, which has over 80 lender clients, says this is a first for specialist valuations and is expected to add further efficiency and speed to the valuation procurement process.
Following this development, Keystone Property Finance is set to be the first of Method-VM’s lender clients to utilise this integration with several others expected to commence their development work early in 2025.
Method-VM’s API-led integration option for its lender clients, means that lenders will be able to manage the full valuation procurement process from their own system from start to end. This integration includes requesting and receiving quotes, formally instructing the chosen surveying firm, dealing with queries and Post Valuation Queries and ultimately the receipt of the valuation report and the key data points associated with it.
Method-VM’s lender clients are now able to seamlessly obtain the valuations they need without the need to log in to the Method-VM portal. However, they retain access to operations and relationship management teams to discuss any aspect of a case as it progresses.
“[This] brings the valuation process for non-owner-occupied residential valuation closer to what we have seen in the residential property space for some time”
Elise Coole, managing director at Keystone Property Finance, said: “Integrating the new Method Valuation API into our systems is good news for us and our clients. It will help us to maintain efficient processes, obtain valuations quickly for our borrowers but also ensure we are still able to work directly with the Method Valuation team as and when the need arises.”
Stephen Henman, managing director at Method-VM, added: “This exciting tech development is a significant step forward for those in the specialist finance market. It brings the valuation process for non-owner-occupied residential valuation closer to what we have seen in the residential property space for some time.
“We expect this innovation to yield significant benefits for lenders and borrowers alike. It will lead to greater speed and efficacy whilst simultaneously reducing exposure to operational risk. We are committed to innovation and creating the perfect combination of people and technology and are thrilled that Keystone Property Finance have chosen to come on this innovation journey with us.”
