Andrew Murdoch joins VAS Group as valuation panel director
A vastly experienced chartered surveyor, RICS registered valuer and RICS registered property receiver, he will be responsible for maintaining and growing the relationship between the company and its existing valuation panel with a remit to refresh and add new firms where necessary.
Murdoch will also provide technical valuation advice to support both the VAS Audit and VAS Panel teams.
Possessing over 20 years’ banking and surveying experience, he joins from Bradley Hall Chartered Surveyors where he held the position of director.
Previously he has also worked as head of valuation at Together, one of the UK’s leading specialist lenders, and undertaken year-long secondments in the recoveries teams at two of the UK’s leading high street banks.
Murdoch said: “.Having worked closely with VAS Group as a client since its formation and latterly as a panel member, I have had first-hand experience of the first-class service provided and the quality control procedures which protect their clients’ interests.
“I am joining the group at an exciting time and am looking forward to re-acquainting myself with a number of the valuation panel firms as well as introducing new relationships.”
Stephen Todd, co-founder of VAS Group, added: “An exemplary valuation panel is at the very core of our business, it is critical in ensuring we can deliver a world-class service to lenders by providing market-leading valuation reports on which loan security decisions can be soundly made.
“Andrew brings a wealth of unique knowledge and experience and comprehensively understands risk from both a lenders’ and valuers’ perspective, adding significant value to our proposition. He will play a pivotal role in the business as we grow and acquire new clients across both the short and long term finance markets.”
VAS Group consists of three divisions: VAS Panel provides a full valuation panel management service which ensures the most relevant companies are instructed based on location, deal type and value; VAS Audit provides live and retrospective auditing and assurance services to reduce property specific lending risks.
VAS Software is a cloud-based valuation panel management framework system which allows lenders to better manage their own panels.
