Valuation distribution company Spinnaka has completed 25,000 mortgage valuations within twelve months, using Quest’s DataWeb online mortgage valuation technology.
Spinnaka, which has managed instruction for more than 500 brokers, has also begun to trial the use of Quest’s Q-Comp tool, which allows immediate access to Land Registry data which can be used alongside a valuation report of an automated value model (AVM). David Gillam, managing director of Spinnaka, said: “We work with a growing number of clients from across the Lender, packager and broker sectors, servicing their mortgage valuation requirements. By combining Quest’s DataWeb with Q-Comps and other system improvements, we believe this will dramatically speed up the entire Quest valuation instruction process, delivering us both cost and time savings.”
