Under the terms of the agreement, VAS Panel will provide a full valuation management service, which considers the location, deal type and value to provide accurate recommendations.
VAS Audit will also provide live auditing to reduce property-specific lending risks and ensure the maintenance of high standards.
Stephen Todd, co-founder and managing director at VAS Group (pictured above, left), said that the work with Falcon Group was a true statement of intent.
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“It clearly demonstrates that a global finance giant understands the benefits of our suite of valuation services for their in-house processes and customers.”
Paul Brooks, head of receivables and asset-backed finance at Falcon Group (right), added: “With over 25 years of expertise in the specialist financing industry, it is vital that Falcon maintains its high standard of service.
“We believe that VAS Group reflects our own principles, and through [its] panel and audit divisions will enable us to reduce completion times and concentrate on the exact needs of our clients while minimising potential lending risks.
“Indeed, these are factors that become ever more important when it comes to large-scale, short-term finance, such as bridging.”
Also pictured: Donna-Louise House, head of underwriting at Falcon Bridging Finance.
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