Delhi, India | 2 October 2023
Repco Home Finance Limited (RHFL) has partnered with Valocity to accelerate the digitisation of their mortgage appraisal process.
By leveraging Valocity’s One Smart Platform, RHFL gains access to a myriad of features, including seamless valuation ordering, digital reporting, unique portfolio monitoring, performance analytics, and live dashboards to track valuation progress.
Valocity’s Connect app also allows RHFL to standardise its data and valuation report formats as well as accurately identify properties using smart geo-tagging, receive time-stamped photos, and confirm authenticity via digital signatures. By reducing the number of missing property features, incomplete addresses, and non-standardised data, RHFL can improve operational efficiency and data accuracy to make smarter, faster lending decisions when it matters most. This is particularly advantageous and powerful for RHFL, who provides affordable housing and frequently operates in small cities with limited access to quantifiable market data.
RHFL Managing Director, K. Swaminathan, said,
“According to RHFL, digital transformation is a continuous state of evolution rather than a final endpoint. The objective of our partnership with Valocity is to generate value and concentrate on how best to serve our customers by integrating technology and data into the very fabric of the company and to transform it into a digital enterprise. We concentrate on using technology and data to address business issues and seize opportunities.”
Valocity provides an end-to-end solution that leverages tools such automated report generation, rich data analytics, valuer performance monitoring, and surround market analysis to give RHFL unrivaled insights into market dynamics and enable more informed decision-making. RHFL has significantly advanced its credit and collateral risk management processes with the deployment of Valocity’s integrated digital platform and data solutions.
Sovan Mandal, Valocity India CEO said,
“We are delighted to partner with RHFL, to support business growth by improving Turn Around Time (TAT) for their customers, equipping them with powerful portfolio monitoring tools and a plethora of data capabilities to better manage the credit and collateral risk. RHFL’s unique business model catering to the affordable segment is undoubtedly a valuable addition to the strength of Valocity’s global digital ecosystem.”
About Repco
Repco Home Finance Limited (RHFL) is a leading housing finance company headquartered in Chennai. Built on technology, innovation, and customer centricity, RHFL provides customers with home loans, land loans and other types of mortgage loans. It offers a range of value-added services for the convenience of its borrowers.
About Valocity
Valocity digitises the entire property valuation process with its unique cloud-based valuation platform. Valocity India is based in Delhi and Mumbai with global Headquarters in New Zealand.
Valocity digitises the entire property valuation process with its unique cloud-based valuation platform, with bespoke solutions for residential and commercial lending.
It combines the best of nationwide property data with global technology and advanced analytics expertise to create customised insights, desktop valuations and a Full Valuation Ordering Platform that enables data driven decision making and more seamless customer experiences.
For more information, please contact:
Sovan Mandal, CEO – India – Valocity
sovan.mandal@valocity.in
For any media enquires contact
Sara Pesic, Head of Marketing – Valocity
sara.pesic@valocityglobal.com