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Hometrack, a leading provider of automated valuations (AVMs) in the UK, is ramping up its Australian operations, announcing yesterday the appointment of an Australian CEO and sales director.
The company, which delivers AVMs and risk analytics to more than 90 per cent of UK mortgage lenders, is confident the Australian financial services market will benefit from its technology.
“Hometrack’s AVM will deliver extremely high coverage and success rates, giving lenders and borrowers huge benefits in service standards, cost savings and predictable risk management,” said Hometrack’s UK director of new market strategies Graeme Winser.
New Australian CEO Brendan Darcy said that while building trust and understanding of the potential of the model will take time, Hometrack is “confident it will be relevant and accepted in the Australian marketplace”.
Published: 20-03-08
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