Valuation Exchange provides a total valuation and valuer panel management solution for the residential mortgage lending industry. It is not a valuation firm as such, and conducts no valuations itself - rather it distributes the valuations to a panel of qualified panel firms and fully manages the process on the lender's behalf.
The ValEx System
The "engine" that drives the Valuation Exchange business is the ValEx system.
ValEx is an end-to-end proprietary valuation management system, developed by an in-house IT department. It is web-based and has been designed to manage and report on every aspect of the valuation process. It provides client and valuer access, communications and business-to-business data transfer using LIXI standards.