The VERIFY IVM is the result of a collaboration between UK residential property data experts WhenFresh and CLS, one of the UK’s leading MGAs.
CLS are managing a panel of AA-rated insurers bringing billions of pounds of cover to this new and exciting property valuation market.
The key to the VERIFY IVM solution is the triangulation of 3 independent valuation models: WhenFresh’s proprietary VSM (Virtual Survey Model) & EPM (Estimated Price Model) and the lender’s preferred AVM (Automated Valuation Model). These 3 values are triangulated with each other and compared with the live market price agreed between buyer & seller.
When all these figures match within an acceptable tolerance the valuation can be confirmed to the lender and backed by AA-rated insurance, to indemnify the lender against future losses in the event that the valuation proves to be inaccurate at a later stage
Over 2 years and more than 20,000 actual property transactions of rigorous testing in conjunction with major lenders and a leading insurer on the CLS panel, the VERIFY IVM valuations were proven to be over 99% accurate.
Please click here for full details of the VERIFY IVM solution and/or call WhenFresh on 020 7993 5818 to book your demo.
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