Keystone Property Finance has struck a technology partnership with valuation panel management firm Method to streamline its valuation process.
To enable the improvements, the lender has integrated Method’s platform into its system, allowing the two different computer systems to talk to each other directly, replacing Keystone Property Finance’s manual method of valuation instruction involving multiple steps.
Following the partnership, once instructed, Method will automatically scan the market to ensure that the most suitable valuer is selected for every case, based on the location, cost and service level agreements.
Over the past 12 months, Keystone Property Finance has implemented an artificial intelligence (AI)-powered document labelling system designed to reduce the administrative workload for brokers. It also partnered with LMS to use its panel link service to expand their panel solicitors for limited company and personal name applications.
David Whittaker (pictured), chief executive of Keystone Property Finance, said: “Our goal is to remove the friction points that have traditionally made the mortgage journey feel slow and fragmented. By being the first lender to go live with Method’s API integration, we have fundamentally streamlined our complex valuation workflow, replacing time-consuming admin with a smart, automated solution. This will particularly benefit HMO, MUFB and semi-commercial valuations.”
