Specialist property valuation firm VAS Assurance has changed its name to Validate.
The business, part of VAS Valuation Group, provides desktop valuations and auditing services aimed at specialist lenders and challenger banks.
The firm says its key Validate Desktop+ product “sits between” an automated valuation model and a fully-inspected Rics red book valuation report.
The product “provides an option to lenders when they do not want to use an automated valuation model, but for speed or flexibility, they want to utilise the firm’s internal valuers’ expertise”.
The firm will continue to be led by founder Stephen Todd.
Todd says: “Originally founded as Valuation Audit Services, where the name VAS comes from, it then became known as VAS Audit and most recently VAS Assurance.
“The VAS Assurance business has evolved over the last decade, in line with the expansion of our services.
“At the same time, we have seen tremendous growth in the VAS Panel business, which has undergone various rebrands itself.
“This move will now also allow us to rename the VAS Panel business to simply VAS.”
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