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A step by step guide to the operation of the mortgage valuation process from the perspective of a mortgage lender. | Step | By | Details | | 1 | Lender | Lender Secure Access to DataWebtm All Authorised lender offices will be set up as valuation instructors within DataWebtm. Access is secured through fixed IP address validation together with individual user names and passwords. | | 2.1 | Lender(Optional) | Valuation Instructions - Manual Lenders may manually request a valuation from the approved panel through DataWebtm. The system will require the following categories of information:- - Application reference
- Property details including,access, occupier etc
- Applicant name and contact details
- Details of advance
- Valuation report type
| | 2.2 | Lender (Preferred) | EDI Valuation Instructions - Electronic eSurvey will accept validated electronic instructions direct from lender application systems. Standard data formats are available on request. | | 3 | eSurvey | Allocation of Instruction to Lender Panel eSurvey will allocate the valuation instruction to an appropriate valuer from the panel based on the lender's criteria. Sample allocation criteria would include:- - Location of property
- Valuer instruction numbers allocation %
- Valuer service level achieved
- Valuer maximum Professional Indemnity Insurance Cover
| | 4 | Valuer | Valuer acceptance of instructions All Lender authorised valuers will be issued with secure logins to the eSurvey valuation portal - Lender Panel Valuers will receive allocated instructions online within the secure Datawebtm online service
- Valuers will accept instructions online and contact the client to arrange the valuation.
- The status of the case will be updated online by the valuer, together with the details of the valuation appointment date and time.
- Valuers will have the option of deferring instructions based on client instructions if required.
| | 5 | eSurvey | Status Updates via EDI eSurvey through DataWeb provides electronic updates via EDI of each status update to a case, keeping you informed of progress at all times. Many lenders automatically update their application processing systems with these status messages. | | 6 | eSurvey | Monitoring and re-allocation of instructions eSurvey will monitor the acceptance and delays of authorised instructions and re-allocate instructions to alternative valuers as appropriate | | 7 | Valuer | Valuation of property The panel valuer will visit the property and carry out the survey as requested | | 8 | Valuer | Completion and Authorisation of Online Valuation Reports All valuation reports will be completed online, within the eSurvey online system, within the specific Lender report template from the online library. - All valuation reports must be authorised and signed off electronically be an authorised valuer within the valuation panel firm, although they may be entered by administrative staff.
| | 9 | eSurvey & Lender | Transmission of valuation reports to Lenders Valuation reports are available in a standard electronic format for electronic update of the lender system - The report may be converted to an image for routing to the Lenders document management system
| | 10 | eSurvey ServiceView | eSurvey Service Monitor - The eSurvey system provides sophisticated online service monitoring management information systems including:-
- Historic case details
- Work in Progress Monitor
- Service level Monitor
| | 11 | Helpline and Support | Lender Support - eSurvey provides telephone support for all systems and processes from 9am to 5 pm on all Republic of Ireland work days.
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