A mortgage security valuation is part of the loan approval process, whereby an independent valuer is chosen from a panel, and assesses a property to provide the lender with sufficient security in the property. This is done at a loan to value ratio and if the loan goes into arrears, the property is then repossessed by the bank or other financial institution. The financial institution owns the rights to the valuation and information is generally not disclosed, despite the borrower being the one who pays for it.