Monmouthshire Building Society is most likely one of your most valued clients for conveyancing work.
How certain are you that you are adhering to the requirements as a practice on the Monmouthshire Building Society conveyancing panel?
It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure is uniquely positioned to conduct a full lender panel compliance audit for your conveyancing files where Monmouthshire Building Society are the lender.
Our full bank of Monmouthshire Building Society Handbook instructions enables us to examine a law firms’ conveyancing cases whilst on the Monmouthshire Building Society conveyancing panel retrospectively and in the same vein as Monmouthshire Building Society would.
Lexsure’s panel of expert auditors independently check making use of propriety templates and Lender P2 archives whether each conveyancing matter breached your contractual obligations at the time the Certificate of Title was completed.
For conveyancing firms where their search provider is not offering the service, our fee for a Monmouthshire Building Society compliance panel audit is £1,975+VAT. We tend to examine eight case files involving Monmouthshire Building Society, which we can randomly select by tenure (e.g. leasehold) year of completion or a mix characteristics.
Once the audit is completed, Lexsure will compile a detailed compliance profile for your cases with Monmouthshire Building Society and a baseline risk score. We can also arrange a conference call with you to set out our expert findings and recommendations in a formal debrief. Subsequent audits can be scheduled. Our office will contact the COLP to request the status of planned actions. No more than one lender conveyancing panel audits may be commissioned by a firm a year.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a Monmouthshire Building Society 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 Monmouthshire Building Society panel compliance audit. Please note that before accepting a Monmouthshire Building Society conveyancing panel compliance review we have to conduct a conflict check. It is sometimes not possible for Lexsure to conduct a Monmouthshire Building Society panel compliance audit