Bank and panel workflow
ValuationXchange
The channel between Malaysian banks and their panel valuers. Instructions are issued, tracked and returned in one place.
How an instruction moves
Panel valuation work is a handover between two organisations. The platform holds that handover as a single record.
Instruction issued
A bank raises a valuation instruction and directs it to a valuer on its panel, with the subject property and the required scope attached.
Acknowledged
The valuer accepts the instruction on the platform, so both sides know the job is running and from when.
In progress
Status moves as the work moves. The instructing side can see where a job stands without asking for it.
Report returned
The completed report is delivered through the platform and lands against the same instruction it came from.
Closed and recorded
The instruction, its correspondence and the returned report stay together as one record for both parties.
Two sides, one record
The instructing side and the valuing side are looking at the same file.
- For the instructing bank
- One channel for the whole panel. An instruction goes out, its progress is visible, and the report comes back attached to the job rather than to an email thread.
- For the panel valuer
- Instructions arrive in one place with the scope stated. There is no reconstructing what was asked for from a chain of forwarded messages.
- For both
- Both sides work from the same record, so what was instructed, when it was accepted and what was returned is not in dispute.
Who it is for
Malaysian banks and their panel valuers, and the valuation firms that hold panel appointments. Onboarding is arranged per institution and per panel.
ValuationXchange is developed by PEPS Ventures, the wholly-owned company of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (PEPS).
Discuss a panel rollout
Write to us about onboarding an institution or joining a panel that already instructs through ValuationXchange.