Valuation Exchange (ValEx) will manage the residential property valuations for NAB’s broker division.
ValEx’s services are already employed by the Commonwealth Bank of Australia who extended the company’s contract for another three years in May.
ValEx will provide NAB Broker with a comprehensive range of administrative and management services.
“Over the past 12 months, NAB Broker has undertaken an extensive trial of a number of different valuation ordering and workflow management platforms, with ValEx emerging as the model that best meets the Bank’s needs in this area,” NAB Broker head of broker sales, John Flavell said.
"The significant experience that ValEx have built up in the broking industry together with the investment they have made in their technology platform will enable ValEx to integrate their systems with NAB Broker's Electronic Decisioning Platform to deliver a superior outcome for our broker business partners and their customers," Mr Flavell said.