Vida Homeloans brings in AVMs

Vida Homeloans brings in AVMs

Specialist lender Vida Homeloans has integrated automated valuation models (AVMs) into its mortgage application process.

Vida debuts AVMs for resi and landlord applications   – Mortgage Finance Gazette

Vida Homeloans has integrated automated valuation models into its residential and landlord mortgage applications.   The specialist lender says the move will mean faster decisions for brokers and their clients and is part of a range of updates since its parent company, Vida Bank, gained a… The post Vida debuts AVMs for resi and landlord applications   appeared first on Mortgage Finance Gazette.

Vida introduces AVMs for resi and landlord applications   – Mortgage Strategy

Vida Homeloans has integrated automated valuation models into its residential and landlord mortgage applications.   The specialist lender says the move will mean faster decisions for brokers and their clients and is part of a range of updates since its parent company, Vida Bank, gained a banking licence in November.  It adds that the automated valuation model, installed in collaboration with Rightmove, uses property data, market trends and alg…

Vida Homeloans enhances application process with AVM

Vida Homeloans has added an automated valuation model (AVM) to its mortgage application process, working with Rightmove to put the new technology in place.  The AVM is set up to give property valuations using data and algorithms, for buy-to-let (BTL) and residential cases up to £500,000 or 75% loan-to-value (LTV).  Applications above this will still go through a physical valuation. Tommy Wight, chief operating officer at Vida Homeloans, said: “W…

Twenty7tec sees surge in buy-to-let demand, with March mortgage searches at record high | Today's Conveyancer

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