Webinar - What’s Next in Property Valuation: Increasing Automation and Managing Risk
CLSQ has announced a webinar in partnership with UK Finance to educate mortgage lenders about the role instant insured property valuations can play in delivering an enhanced customer experience.
Called “What’s next in property valuation: Increasing automation and managing risk”, the webinar will provide important insights into how lenders can originate mortgages with greater speed and certainty.
The webinar will feature Rob Stevens, Head of Property Risk at Nationwide Building Society; John Baguley, Principle, Mortgage Policy at UK Finance; and Spencer Wyer, Strategic Development Director at CLSQ.
With the announcement of the webinar, CLSQ can also confirm that the instant insured property valuations delivered by VerifyQ will be underwritten by leading AA- rated insurer, Aviva.
VerifyQ is a unique service that has been launched by CLSQ to enable faster lending decisions by providing instant insured property valuations. The service harnesses CLSQ’s data modelling capability with the backing of Aviva to provide robust data interrogation and insured decisions on property valuations. Its unique approach provides lenders with recourse against loss should the property be repossessed, enabling mortgage decisions in principle (DIPs) with unparalleled confidence levels and enhanced capital risk protection.
The CLSQ webinar is open to all mortgage professionals who work for a lender member of UK Finance and will take place on 2 nd April at 10am. Registration is open now and available here.
Spencer Wyer, Strategic Development Director at CLSQ, says:
“We firmly believe that VerifyQ is a gamechanger for mortgage lenders, reducing the need for desktop and physical valuations by providing insurance against loss at repossession, backed by Aviva This enables lenders to deliver an enhanced customer journey, with a more accurate and de-risked process, helping them to provide faster mortgage offers. It also helps to reduce a lender’s carbon footprint, supporting greater sustainability in the mortgage sector.
“This webinar, in partnership with UK Finance, will help mortgage professionals working for lenders to understand how a synergy of data and insurance can help them to deliver customers with an enhanced experience – at the same time as creating a more efficient operating model.”
Speakers
Spencer Wyer
Strategic Development Director, CLSQ
Spencer has been involved in transforming mortgage lending and the property transaction for more than a decade. He was CTO of the business that developed the Property Risk Hub, deployed at Nationwide Building Society, Barclays and other lenders. This business was acquired by Zoopla in 2020 and integrated with Hometrack where Spencer became VP of Product & Technology for the Hometrack AVM and PRH.He joined CLSQ in April 2023 to lead its strategy for mortgage lenders, using the powerful combination of financial-grade property data, the ability to map that data to every property in the UK and the use of data led insurance to protect stakeholders interests.
Rob Stevens
Head of Property Risk, Nationwide Building Society
Rob has had a 22-year career spanning financial and legal services challenging the status quo to improve the customer journey and drive business success through proactive risk management and innovation. His area of interest has always been the mortgage and property market, with a vision to change the way we buy and sell property. He has specialised in mortgage policy, regulation, underwriting, conveyancing and valuations and in 2013 he founded the Property Risk department at Nationwide, aiming to provide a sustainable valuation solution for the future.
His greatest achievement was designing the Property Risk Hub which fundamentally changed lender decisioning incorporating the intelligent use of property, environmental and legal data to link together the underwriting, conveyancing and valuation processes. This allows Nationwide to provide an instant property assessment, enabling their members to obtain a faster lending decision and proactively manage risk. This has also created the platform for modelling climate change and the work required for the CBES. Rob also sits on various Government advisory boards on topics including building safety, affordable housing, climate change, energy efficiency and retrofitting, leasehold and commonhold driving industry reform.
John Baguley
Principal, Mortgage Policy, UK Finance
