For banks & lenders
You are relying on a figure you cannot check
A panel valuation arrives as a document, and the credit note repeats a number from it. Nothing in that chain tells a credit officer whether the rate came from eight carefully adjusted comparables or from an average of four, whether the title paragraph is backed by a certificate on file, or whether the registered valuer whose name is on the last page is registered for that asset class. This is built so that all three have answers.
Six problems
What goes wrong between the panel valuer and the credit note
None of these are problems with the valuer. They are problems with a deliverable that arrives as a document and a decision that is made from a retyped number.
The valuation is a PDF, and the credit note is a retyped number
Retyping is where a figure quietly becomes a different figure. Completion callbacks are signed over the exact bytes sent, with the timestamp inside the signed payload, so your system can verify a valuation arrived intact and reject a tampered one. Structured exports carry the figures as data, so the credit note reads the valuation rather than a person’s transcription of it.
Nobody can tell how the rate was reached
Every figure in the report comes from a valuation line, and every line carries the comparables and the source it was computed from. Your reviewer can open the grid, see each adjustment with the reason written next to it, and see how far the eight comparables disagreed before and after adjustment. The spreadsheet export keeps the formulas live, so a reviewer can change an adjustment and watch the rate move.
The title paragraph reads well and evidences nothing
A hedged sentence about title is the part of a valuation a credit officer skips, and it is the part that matters when a facility goes bad. Here every assertion about ownership, tenure, encumbrance or approvals has to resolve to a registered instrument, a title chain entry or an approval on file. Where it does not, the report does not render at all — the job stops and names the missing document rather than producing careful prose about its absence.
A report was signed by somebody not registered for that asset class
Checked at the moment of signing rather than at the moment of empanelment. Only a partner or a registered valuer may sign, the registration has to cover the asset class being valued, and a deliverable with an open review note cannot be signed at all. An unsigned export carries a draft watermark on its face, and that watermark fails closed — so a document without a status is marked draft rather than assumed final.
A tenanted property was valued on comparable sales alone
The mandate’s purpose decides which methods are mandatory, and a lending valuation of a tenanted asset cannot be concluded without the income approach. Three approaches produce three indicated values, the weights that combine them must sum to one and each carries a written reason, and approaches that diverge beyond the threshold are refused rather than split down the middle — because two methods far apart is a finding your credit team should see, not an average.
Disbursement went out ahead of the construction it was for
A tranche request is checked against the certified stage percentage and flagged when it runs ahead of physical progress rather than paid and reconciled later. The certified stages are on the record, so the flag is a figure somebody can look at rather than a suspicion.
How it reaches you
Into the system where credit is decided
A valuation that lands in a mailbox becomes a manual step. These are the four routes that avoid that, and none of them requires anybody at your end to open a workspace.
- Signed completion callbacks, verified over the raw body with the timestamp inside the signed payload — a one-character change fails verification.
- Failed deliveries retried with increasing backoff and then dead-lettered, so a delivery is either confirmed or visibly not.
- Structured exports for the figures, spreadsheet exports with the adjustment grid’s formulas intact, and documents for the file.
- A read-only client role scoped to a single mandate, for the case where somebody at your end does want to look — with exact coordinates, owner names and survey numbers absent from what that role receives.
- The console is one client of the API rather than a wrapper around a private one, so anything a person can see through it, a system can read.
An instruction, end to end
Five steps, from your instruction to your credit file
- 01
Instruct
The mandate records that the purpose is lending, which is what makes the income approach mandatory on a tenanted asset rather than optional.
- 02
Evidence
Documents, title chain, encumbrances and approvals on file. What is missing blocks the report rather than being written around.
- 03
Value
An adjustment grid per comparable, three approaches, and a reconciliation whose weights each carry a reason.
- 04
Sign
A registered valuer with the right asset class, no open notes, and the draft watermark removed only at that point.
- 05
Deliver
A signed callback into your system, structured figures, and a trail your reviewer can walk down from any number in the report.
Said plainly
We do not make any part of your credit decision
This software values property. It does not assess a borrower, it does not price risk, it does not form a view on where a market is heading, and it produces no score, no recommendation and no opinion on whether to lend. What it does is make one input to your decision checkable — so that when a facility is questioned two years later, the figure has a trail rather than a document. If what you need is a model that outputs a value from an address, this is not it, and we would rather say so now.
Tell us what your credit team actually needsRelying on panel valuations you cannot take apart?
The useful first question is what your credit note needs from a valuation and cannot currently get. Tell us that and we will tell you plainly whether this closes the gap.
Get in touch
Talk to the people building it
No chatbot and no ticket queue. Tell us what your practice actually looks like — how many valuers, which asset classes, who reviews, which banks you are on the panel of — and someone who works on the software will reply.
info@legosphere.com