Landmark announces first mortgage investment launches

Landmark Information Group has announced the first launches from its multi-million pound investment in products and services that support the property valuation industry.

The Landmark Quest platform, which handles the majority of property valuation instructions in the UK, is being rebranded as the Landmark Valuation Hub.

Several new product innovations have already launched into the Valuation Hub as a result of the financial investment, which are now being used by many of the UK’s largest lenders and surveying organisations.

In addition, the newly formed Landmark Valuation Services business is creating a series of next generation property risk assessment technologies, in partnership with clients.

Peter Stimson, managing director of Landmark Valuation Services said: “Following the significant investment, we have already successfully delivered several new products.

“This includes: a new version of our secure tablet-based mobile valuation software with its integrated highly accurate lender form mapping; a Booking & Allocation module, which optimises surveyor workload and has already delivered operational efficiencies to customers; and our enhanced Valuation Risk Model – VRM – that transforms the way property risk is assessed for mortgage applications.”

An early recipient of these services is Colleys Surveyors, part of Lloyds Banking Group. Brian Cooper from Colleys added: “Utilising the robust technology solutions is key in continuing to deliver for our customers.

“Landmark Valuation Services has continued to work with us to ensure that through the solutions they provide we can work efficiently in both case handling and intelligently managing risk in a way that benefits our customers, surveyors and ultimately reduces costs and supports our mortgage businesses.

“The home purchase process offers many opportunities to do things better and we see Landmark Valuation Services as being ideally placed to work with us to make the most of these.”

Landmark has also introduced services around early identification of flood risk, contaminated land risk, locally impactful energy and infrastructure projects, ground hazards and local planning alerts, which form a large part of many post-valuation queries and in doing so has further streamlined surveyors’ processes.

Stimson concluded: “Data security remains at the heart of what we do, with all services operating within our secure network and, by working closely with the industry, we will continue to be the leading valuation and risk tool for property transactions in the years ahead.

“It’s an exciting time and we look forward to announcing updates as the programme progresses.”

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