Aspen Bridging has revealed that it has just completed £50m with VAS Panel valuations within the last six months.
Since May 2018, the valuation panel management service has been selected by the specialist short-term finance provider to ensure the most relevant third-party valuers are instructed to provide loan security valuations based on location, deal type and value.
Aspen Bridging, which offers loan to value (LTV) products of up to 80% for residential, refurbishment and commercial applications across England and Wales, already utilised VAS Audit on all personal and business loan applications to reduce property specific lending risks.
VAS Panel and VAS Audit are part of the VAS Group, which also includes VAS Software, a cloud-based valuation management framework system which allows lenders to better manage their own existing panels.
Gina May, co-founder and director of operations at VAS Group, said: “In a sector where speed and accuracy are vital, VAS has continually met all service level agreements which means Aspen has been free to focus on their own well-know rapid delivery. Between our services and Aspen’s this partnership has led to many efficient completions.”
Jack Coombs (pictured), director at Aspen Bridging, added: “We have had a great experience with VAS. They have a knowledgeable, professional team that operates with a personal touch that really adds value. Add the ‘dashboard’ which they created for us to have total visibility over all ongoing work and the service is seamless.”