SDKA has launched an automated valuation model (AVM) for first-time fee residential purchase transactions to speed up cash-out times.
The service is launched using Hometrack.
Lenders will require each client to conduct a video tour of the property with an experienced underwriter.
“We only planned to launch the AVM product when we found the right partner, and with their deep expertise and proven track record, Hometrack ticked all the boxes,” said Kunal Mehta, Managing Director, SDKA.
“Coupled with the opportunity for one of our experienced underwriters to tour the property of their choice via video, we can ensure borrowers are in the best position to decide whether to proceed with building the bridge.”
“Above all, this demonstrates once again that we are always working on our systems and methods to minimize cash out times, as the essence of bridging is speed. Yes, we consider each case on an individual basis, but this is never at the expense of fund release.”
