From today, the Hanley will outsource its entire valuation process to Gateway, which will use xit2’s Valuation Exchange platform.

Gateway manages a nationwide network of affiliated firms of chartered surveyors, alongside its own in-house surveying business, Sonas Surveyors

David Lownds, head of risk at the Hanley Economic, said: “The careful management of our valuation process is a crucial and an integral part of our mortgage lending business, and we were particularly impressed with Gateway’s attention to detail and its commitment to risk management.”

Mel Kettle, director, client services at Gateway, said: “The Hanley is an important client to us and our appointment reflects the progress we have made in becoming a major provider of panel management and valuation services to the UK lending industry.”