Benson Hersch, CEO of the ASTL, said: “Valuation Audit Services provides a unique and niche service.
“Anything that helps mitigate risk to lenders at this time of constant change is likely to be of real value to our members, so we welcome Stephen [Todd, founder and director of VAS] and VAS as a valuable new associate member of the ASTL.”
VAS identifies mistakes in valuation reports and ensures lenders’ criteria are met.
In addition, the company offers retrospective valuation reviews post-lending, in order to aid quality control and mitigate any future risks.
Stephen added: “This is a new service to the market and one that I think adds real value to our clients, helping [to] protect their loan books.
“VAS can respond to the fast pace of a bridging lender and the wider secondary lending market, and is the perfect partner to the ASTL, offering a unique and unrivalled service to its members.”
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