Lexsure’s compliance expertise and comprehensive database of lender requirements give Lexsure a unique ability to review conveyancing case files retrospectively. Our file audits assess whether each transaction was in line with lender instruction at the time of submission of the Certificate of Title, and if not, the extent of exposure it presents to the firm, its insurer and the lender. Lexsure offers four different compliance audits.
Law firm audits offer benefits to:
Lexsure’s file audit service lenders can be offered as part of a panel management quality service or can be used for one of cases alongside your litigation experts to identify beaches of the Lenders’ Handbook
Has your firm ever considered a lender compliance audit? Many firms make enormous efforts to ensure their client Ts and Cs are compliant, or even their website copy, but don’t take the trouble to check on lender compliance. Yet the consequences for a firm tripping up on Handbook requirements can be fatal to the business.
Lexsure’s professional indemnity insurer lender audit service enables insurers to better assess whether a firm has adequate procedures and risk mitigation protocols in place. Conveyancing is the highest area of source of claims.