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A step by step guide to the operation of the mortgage valuation process from the perspective of a mortgage intermediary. | Step | By | Details | | 1 | Broker | Broker Secure Access to DataWebtm. All Brokers will be set up as valuation instructors within DataWebtm. Access is secured through fixed IP address validation or caller line identification, together with unique usernames and passwords. | | 2.1 | Broker (Optional) | Broker Valuation Instructions - Manual Brokers will request a valuation from the Lender approved panel through the 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 | Broker (Optional) | Broker Valuation Instructions - Electronic eSurvey will accept validated electronic instructions direct from broker systems, subject to minimum volumes, availability of mandatory data on the client record and Lender authorisation. | | 3 | eSurvey | Allocation of Instruction to Lender Panel eSurvey will allocate the valuation instruction to an appropriate valuer from the panel based on criteria set by the Lender. Sample allocation criteria would include:- - Location of property
- Instruction numbers allocated to date
- 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 | 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 | | 6 | Valuer | Valuation of property The panel valuer will visit the property and carry out the survey as requested | | 7 | 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.
| | 8 | eSurvey & Broker | Return of valuation reports to Brokers Completed valuation reports, once authorised by the appointed panel valuer are be immediately available online, through DataWeb to the instructing broker. - Brokers may access and print the secure valuation report.
| | 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 and Broker 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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