Oplo, one of the leading lenders in the UK’s consumer credit market, has renewed its AVM (Automated Valuation Model) partnership with Hometrack, the leading provider of insight and intelligence to the UK mortgage market.
The contract will cement the relationship between Oplo and Hometrack for a further three years.
Steve Beard, Managing Director of the Mortgage Division at Oplo, said:
“We are delighted to extend our partnership with Hometrack, who have supported us for nearly ten years as we have developed and grown our mortgage offering to customers. Their AVM services play a key role in enabling us to offer swift and efficient decisions.
Commenting on the partnership, George Robbins, VP Commercial at Hometrack, said: “Oplo has been an excellent partner to us at Hometrack for almost a decade, expanding the use of our AVM services over the duration. We’re delighted that they are using Hometrack’s market leading AVM exclusively, and we look forward to supporting them as AVM use becomes ever more mainstream in the wake of the pandemic. Ultimately, our aim is to support our customers by continuing to lower costs for lenders and deliver a faster approval for the consumer mortgage journey, and the AVM is fundamental to delivering this.”
