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Risk Assessment Services | Lightstone Property

Lightstone offers a selection of specialised services which address risk management, primarily used by financial institutions. Backed by a team who have a thorough understanding of the credit and risk issues faced by these organisations, Lightstone is recognised as a pioneering leader in the development and delivery of products and services for lenders and insurers, proven to reduce risk exposure and streamline associated processes.  

"Lightstone's information is already changing the way banks do mortgage business"

John Loos, FNB

Risk Assessment Services address several business functions, including but not limited to:

• Property Valuation - providing advanced technology for accurate desktop valuation of both existing residential properties and new developments with Lightstone's Automated Valuation Model and proprietary risk metrics.  
  
  

• Portfolio Valuation Service - offering an economical, statistically accurate means of valuing a portfolio of residential properties, on either an ad-hoc or routine basis, using Lightstone's Automated Valuation Model as a basis for the portfolio valuation process.  
  
  

• Proactive Bad Debt Management - providing a service to our clients for effective identification of areas which pose greatest risk, allowing them to proactively address these areas and mitigate potential loss.
  
  

• Smart Collections Management - is a natural follow on to the Proactive Bad Debt Management service and enables clients to effectively manage their collections by understanding the likely proceeds of a forced sale.  
  
  

• Property Validation - offering an integrated service for effective validation of property details to minimise inefficiencies and costs associated with incorrect capture of property information. 
  
  

Lightstone offer an interactive web-based application that provides Erf-level risk factors for all properties in the country. Factors included are crime, weather-related risk factors, land characteristics, and proximity to points of interest. (E.g. Mines, Police Stations, Fire Stations, Airports). The Insurance Division of Lightstone focuses on providing solutions such as:

• Risk and Catastrophe Modelling - providing specialised modelling capabilities to assess claims risk, lapse risk and catastrophe risk. lapse risk and catastrophe risk.  

• Asset Valuations - covering market valuations of vehicles and replacement cost valuations of residential property.