Whiteaway Laidlaw Bank (WMB) is to use xit2’s Valuation Exchange to manage and control the distribution of its valuations instructions to its panel of commercial surveyors.

WLB lends to small to medium sized enterprises, distributing its products through the intermediary market.

Stephen Johnson , new business director at WLB, said: “Control and monitoring of service levels are crucial so it was vital we partnered with a technology provider who gave us confidence that they would meet our management requirements and minimise our risk. The Valuation Exchange fits the bill perfectly – it provides flexible technology catered to the requirements of commercial valuations as well as vital risk management controls.””