VAS revolutionises valuation processes with launch of VAS Lender API
Valuation panel management firm VAS has launched the VAS Lender API for its lender clients to transform efficiency, streamline communications, and support with data collection.
A year in the making, the VAS Lender API is a transformative tool for lenders, enabling seamless management of valuation requests through technology.
This innovative system is designed to reduce manual effort, minimise errors, and optimise workflows—all while supporting lender growth and scalability.
The VAS Lender API sets a new benchmark for automation in valuation processes by cutting the need for manual data entry, thereby reducing errors which results in significant time savings and increased efficiencies for its clients and their partners.
The API provides real-time updates via webhook notifications, and communication is customisable and streamlined—with the potential to eliminate the need for email altogether.
Lenders can choose how much of their process to integrate with the API. For example, it would be possible to send only new quote requests via the API and continue the rest of the journey via the front end of the VAS platform.
VAS have already successfully launched its API with several existing clients who are already feeling the benefit of this, in addition to collecting valuation specific data to automatically populate their internal systems.
Stephen Todd, co-founder and CCO at VAS, comments:“This is a really important step for VAS as we recognise our clients are investing significantly in their technology infrastructure to provide their clients and broker partners a more efficient experience.
“We now have the ability to support our clients by making the valuation process manageable via their own platforms.
“We can also extract information that was previously not available, and send this straight into our customers’ internal systems, further enabling them to better manage their loan book and cut down on manual entry.”
Ian Furlong, CTO of VAS, comments: “As lenders grow and adopt more sophisticated technology, the API ensures they can scale their operations without having to move off their platform to get valuation quotes, instruct, and monitor progress—ultimately creating the feeling of VAS being an extension of their business.
“Beyond efficiency, the system fosters accuracy and integration, ensuring smoother operations and higher reliability throughout the valuation process.”
Here is a summary of the main benefits of the VAS Lender API:
· Time savings: The API reduces the need for users to manually input data into the system. Instead of logging into the VAS Valuation Manager platform and manually entering data, users can integrate their own systems to automatically send and retrieve data.
For example, instead of constantly refreshing or checking for updates (e.g., quote statuses), the API pushes notifications to the user’s system when a significant event occurs (like a report being ready or a quote being accepted).
· Error Reduction: By automating data transfer, the API eliminates potential errors that could occur during manual data entry (e.g., incorrect postcodes or numerical values).
· Developer-Friendly Documentation: The API provides technical documentation in formats like JSON, including an OpenAPI spec, making it easy for developers to programmatically interact with the system. Developers can automate complex workflows using predefined schema and endpoint definitions.
· Streamlined Front-End Interaction: By integrating the API, lenders can design custom interfaces that align with their branding and user needs, enhancing the overall experience for their teams.
· CRM integration: The functionality of the API mirrors that of the VAS platform e.g. requesting valuations, sending quote requests, retrieving reports, and integration with a lender’s CRM is seamless.