Bank of Ireland is one of your most valued clients for conveyancing work.
How certain are you that you are adhering to the requirements as a firm on the Bank of Ireland conveyancing panel?
It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure stand alone in being able to carry out a comprehensive lender panel compliance audit for your conveyancing files where Bank of Ireland are the lender.
Our complete directory of Bank of Ireland Handbook instructions gives us the ability to analyse a law firms’ conveyancing cases whilst on the Bank of Ireland conveyancing panel retrospectively and in much the same way as Bank of Ireland would.
Our panel of experienced auditors objectively review utilising propriety templates and Lender instruction archives whether each conveyancing matter was in line with the requirements at the time the Certificate of Title was rendered.
Our standard costs is £1,975+VAT. We will review eight remortgage or purchase files involving Bank of Ireland, which we can randomly select by tenure (e.g. leasehold) year of completion or a multitude variables.
Once finished, Lexsure will supply you with a detailed compliance profile for your files with Bank of Ireland and a baseline risk summary. We will also follow-up with you to go through our auditor’s findings and guidance in a formal debrief. Further audits can be scheduled. Lexsure will contact the managing partner to request the status of planned actions. No more than two lender conveyancing panel audits may be commissioned by a practice in a calendar year.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables you to select the date, time and location of a Bank of Ireland conveyancing panel compliance audit. The system is available 24/7, which eliminates most instances where you have to wait for business hours to contact Lexsure to schedule or reschedule a Bank of Ireland panel compliance review. Please note that before accepting a Bank of Ireland conveyancing panel compliance review we have to conduct a conflict check. It may not be possible for Lexsure to agree to a Bank of Ireland panel Handbook risk file audit