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by


MARK BLACKWELL managing director, xit2


A PRECISE WAY OF EXCHANGING DATA


The market might be smaller but the need for quality technology partners has never been bigger says xit2


xit2 is a secure online property data network providing swift and safe data exchanges connecting 80% of the UK’s lenders to thousands of key suppliers including surveyors, conveyancers, asset managers and field agents. Our agile technology provides solutions in Property Risk Management, Valuation instruction and report creation right through to helping lenders manage properties in possession or receivership.


xit2 has the ability to respond to many different demands in the market. For instance, we work with prime, near prime, commercial, equity release, second charge and bridging finance lenders.


Over time our systems have become some of the main back office operating systems of our suppliers. xit2’s ability to appreciate nuances in lenders’ workflows and suppliers’ individual requirements have held us in good stead and helped us build long-term relationships with customers. That’s why, time and time again, we’re hired to provide mortgage transformation programmes requiring trusted outsourced development for external links. We appreciate that the people who hire us want answers to often unique operational and technical problems. That’s why xit2 uses a collaborative approach to find solutions to the challenges they face. We’re often called to integrate our technology with old legacy systems, to deliver efficiencies.


Handling client data is a big responsibility and one xit2 thrives in managing because we maintain the highest levels of data security. But all this requires innovation. In a tough market, we have continued to pioneer new solutions for lenders and their partners including:


Mobile Technologies for Surveyors - your day’s work delivered to your device. ValCheck - groundbreaking data accuracy that provides confidence-checks on valuations and flagging potentially suspicious mortgage transactions. LPA Exchange - helps lenders and receivers manage properties in receivership online securely.


Property in Possession Portal - a web-based platform that helps lenders manage properties that have been repossessed, or are managed as part of a trust or portfolio. There’s more to come as we help lenders fight against fraud - particularly solicitor panel validation.


The market might be smaller but the need for quality outsourced technology partners has never been bigger. And you can now use xit2 as a single provider of valuations, asset management, risk management and LPA solutions. We can turn multiple process third party management into single process third party management. That can provide you with management information that gives you a bird’s eye view of what’s going on in your business. Our people are key to our success. Working as a servicing business, we have a deep knowledge of the lending market place and the technologies needed to support it. It’s one of the reasons we can provide such quick to market solutions. Right through the mortgage and property life cycle you can trust xit2 to deliver for you. Data security, third party oversight, Treating Customers Fairly, MMR, RDR, operational efficiency, cost reduction - we know these concern lenders. Providing our clients with the solutions to these challenges is key to our success. That’s where xit2 delivers real value.


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