The CoreLogic Remote Valuation App delivers a fast and effective alternative when a full physical mortgage valuation inspection is not required or not permissible.
The Remote Valuation App harnesses the knowledge of a local Valuation Surveyor, something that is often lacking in traditional centrally administered Desktop valuation models. The App enables a Surveyor to undertake Remote Valuations in the field alongside traditional physical valuation instructions. The App provides the surveyor with access to Land Registry title plans and Google Maps to identify the property location and boundary information. Integration with third-party property data sources enables the surveyor to access detailed property attribute information for the subject property needed to undertake a valuation.
The Remote Val App enables CoreLogic’s Valuation Surveyor customers to offers Lenders a balance of speed, cost and accuracy, with greater certainty than using AVMs in isolation, while keeping costs low compared to full physical inspections.
Experienced surveyor appointed who will have good knowledge of the area and the local property market.
Direct access to Land Registry and Google Maps to identify title plot boundary coordinates, as well as access to road maps, satellite imagery and street views.
Integration with third party data sources including Rightmove, CoreLogic, BICS and Flood Risk to help with the property valuation and assessment of risk.
*Functionality available if integrated with Survey Hub.
The Remote Valuation Assist proprietary software enables a homeowner or occupier to submit imagery to a surveyor where an internal inspection of a property is prohibitive or unable to be carried out by a surveyor.
A valuation instruction is triaged through Survey Hub as a Remote Valuation that requires internal property imagery to be captured by the occupier. An SMS is sent direct to the occupier with a URL link containing instructions. A simple three step process is then carried out by the occupier.
Step 1 – The occupier receives instructions, accepts T&Cs, confirms geo-location and property attributes.
Step 2 – The occupier takes internal and external property photos, with additional commentary as required.
Step 3 – The occupier submits the completed report via a secure URL link back to the Surveyor Portal
The surveyor can then access the Surveyor Portal to view the Remote Valuation Report alongside the property imagery submitted by the occupier, ready for completion.