New non-bank lender Wave Money has partnered with Valocity to streamline Residential Valuation Ordering.
This strategic partnership will provide Wave Money with Valocity’s bank secure, cloud-based property valuation platform, to automate residential valuation processes and provide flexible, customisable solutions for mortgage brokers and their clients.
John Flavell, Founder and Managing Director at Wave Money, said,
“Consistent with our mortgage service proposition that has been built digitally from the ground up, we have partnered with the best-of-breed technology partners for each stage of the process. Valuations are critical to the delivery of mortgage approvals and Valocity’s valuation platform enables Wave Money to consistently deliver a differentiated experience for brokers and their clients.”
Valocity Founder and Global CEO Carmen Vicelich said,
“We know with the growth of new non-bank lenders with a digital first technology stack, the delivery of a simple and efficient service is critical to their value proposition to brokers and their clients, and we are delighted to partner with Wave Money to enable this.”
Wave Money is a broker-exclusive non-bank that recognises the role of technology in the delivery of mortgage service that puts the broker and their clients first. The Valocity platform provides a market leading solution for brokers and customers to streamline a faster speed to yes on home loan approvals.
The Valocity Platform enables Wave Money to deliver an entirely digital workflow that automates valuation management, enhances data capture, and improves security of information sharing. This includes enabling:
- The end-to-end digitisation of residential property report ordering, including instructing, receiving and acceptance of reports
- Automated quoting process
- Auto-allocation of valuations to the Wave Money Valuer Panel
- Real-time payment solutions
- Implementation of SLAs for valuations
- Panel management, including issuance and storing of important documents
- Australia-based, customer support and expert technical team
- An automated invoicing solution
- Provision of high-quality reporting of panel performance
About Wave Money
Wave Money is a new broker-exclusive non-bank lender established to deliver residential mortgage solutions to an increasing pool of borrowers whose needs are not being met by traditional bank and non-bank lending institutions. Wave Money’s mortgage service proposition comprises best-of-breed technology for each stage in the process and the customer and broker experience is powered by onshore people, expertise, and relationships.
Wave Money exists to deliver residential mortgage solutions to deliver mortgage lending solutions to under serviced borrowers and frustrated mortgage brokers whose needs are not being met by many banks and non-bank lenders.
Valocity is an award winning FinTech company transforming and digitising the property valuation decisioning process globally with customers across Australia, New Zealand, India, and Asia.
Valocity digitises the entire property valuation workflow with its unique cloud-based valuation platform, with bespoke solutions for residential, commercial, and agricultural lending.
It combines the best of nationwide property data with global technology and advanced analytics expertise to create digitally connected workflows, automated valuation models, customised insights, and desktop valuations that enable data driven decision making and more seamless customer experiences.
For any media enquires contact
Sara Pesic, Head of Marketing – Valocity