Mortgage Express (No 2) Conveyancing Panel Compliance Audit

If your firm values Mortgage Express (No 2) as a conveyancing client then execute a Mortgage Express (No 2) panel compliance audit.

Mortgage Express (No 2) is most likely one of your most important clients for conveyancing work.

Are you 100% sure that you are adhering to the instructions as a practice on the Mortgage Express (No 2) conveyancing panel?

Lexsure stand alone in being able to carry out a full lender panel compliance audit for your conveyancing files where Mortgage Express (No 2) are the lender.

Lexsure’s comprehensive database of Mortgage Express (No 2) Handbook instructions enables us to review a law firms’ conveyancing files whilst on the Mortgage Express (No 2) conveyancing panel retrospectively and in the similar manner Mortgage Express (No 2) would.

Lexsure’s panel of experienced auditors independently assess making use of propriety templates and Lender obligation archives whether each transaction complied with your contractual obligations at the point that the CoT was submitted.

In the absence of your search company offering the service as part of your account management the fee for a Mortgage Express (No 2) compliance panel audit is £1,975+VAT. Our team will audit eight case files involving Mortgage Express (No 2), which we can randomly select by tenure (e.g. leasehold) date or a multitude variables.

Once the fieldwork is completed, Lexsure will prepare a full written findings for your cases with Mortgage Express (No 2) and a baseline risk summary. We will also meet with you to set out our auditor’s findings and recommendations in a formal debrief. Audit follow-up can be scheduled. Our office will contact the managing partner to request the status of actions taken. A maximum of two lender conveyancing panel audits may be requested by a practice in a twelve month period.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a Mortgage Express (No 2) 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 cancel a Mortgage Express (No 2) panel compliance file audit. Please note that before accepting a Mortgage Express (No 2) conveyancing panel compliance audit we have to conduct a conflict check. It is sometimes not possible for Lexsure to agree to a Mortgage Express (No 2) panel Handbook risk review

Mortgage Express (No 2) Conveyancing File Audits : You have questions, we have answers


Will an audit of my firm’s previous files involving Mortgage Express (No 2) enable my firm to be reinstated on the Mortgage Express (No 2) conveyancing panel?

No. We do not get involved in the Mortgage Express (No 2) conveyancing panel selection or reinstatement process

My firm is on the Mortgage Express (No 2) conveyancing panel and I am considering using your services for conveyancing file audits. Is Lexsure a member of The Institute of Internal Auditors?

No

What is the selection criteria for joining the Mortgage Express (No 2) conveyancing panel?

You will need to check with Mortgage Express (No 2) directly or their panel manager, if any. Lexsure is not connected with Mortgage Express (No 2) in managing their conveyancing panel or selection criteria.

How do Mortgage Express (No 2) select files for audits?

Lexsure are not privy to the basis Mortgage Express (No 2) would select a file from a firm presently on or previously on their conveyancing panel

How experienced are the auditors who conduct Lexsure Lender Compliance Audits?

Instructed auditors have a minimum 25 years conveyancing experience (pre-dating the CML Lenders’ Handbook, The UK Finance Lenders' Handbook and Building Society Association Mortgage Instructions)