VAS Group has promoted Daniel Owen-Parr to managing director for VAS Audit.

Owen-Parr (pictured), who will also continue his role as commercial director across other VAS Group divisions, joined the valuation business in November 2019.

He has over 18 years’ experience in the property finance and banking industries. He has held several senior roles including head of field sales for Together and relationship director and senior bank manager for Lloyds Bank.

Owen-Parr said: ““Since joining the business we have all lived through unprecedented times, however we have concentrated on providing unparalleled service to protect and advance the interests of our clients which has placed us in good stead for future growth.

“I feel very privileged to have the opportunity to shape the direction of VAS Audit and ultimately spread the word about how it can help both lenders and valuers protect their businesses and ultimately assist brokers and their clients, in other words complete more deals.”

Stephen Todd, co-founder of VAS Group, added: “VAS Audit has been established for over five years and now is that right time to bring Daniel in as its managing director to help push the business to the next level.

“Valuation auditing is of critical importance to lenders and valuers, and we have clearly demonstrated the importance of the service by helping protect our clients by identifying risks and errors contained within valuation reports. This can be real-time or retrospective.

“It plays a major role in lender’s understanding and evaluating the risks associated with new loans and their existing loan book at any given time, especially given the volatility we have seen over the last 12 months. This is an essential requirement for every well run business which ultimately helps plan for the future on solid foundations.”