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Aaah...but if our aspiring borrower chooses to get 3 on the one property through VaLex, CBA will choose which one they use

It's quite elegant really. CBA have successfully transferred a cost they used to bear (vals) directly to the borrower and the borrower likes it. More importantly, it will reduce their rework rate which (today) is significantly influenced by borrowers thinking the property is worth X and...