The Mortgage Lender is possibly one of the firm’s most important clients for conveyancing work.
Are you 100% sure that you are strictly following the requirements as a practice on the The Mortgage Lender conveyancing panel?
You can ask one of your team to carry out an audit but Lexsure is the only company offering a full lender panel compliance audit for your conveyancing files where The Mortgage Lender are the lending client.
Our full bank of The Mortgage Lender Handbook instructions gives us the ability to analyse a law firms’ conveyancing cases whilst on the The Mortgage Lender conveyancing panel retrospectively and in the same vein as The Mortgage Lender would.
Our panel of expert assessors independently review making use of propriety templates and Lender instruction 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 costs is £1,975+VAT. We tend to examine 6 transaction files involving The Mortgage Lender, which we can randomly select by tenure (e.g. leasehold) year of completion or other characteristics.
At the end of the audit, we will compile a detailed compliance profile for your cases with The Mortgage Lender and a baseline risk profile. We can also meet with you to set out our expert findings and guidance in a formal debrief. Subsequent audits will occur. Our office will contact the COLP to request the status of actions taken. No more than one lender conveyancing panel audits may be commissioned by a firm per annum.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to select the date, time and location of a The Mortgage Lender 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 rebook a The Mortgage Lender panel compliance file audit. Please note that before accepting a The Mortgage Lender conveyancing panel compliance review we have to conduct a conflict check. It is not always possible for Lexsure to agree to a The Mortgage Lender panel Part 2 compliance file audit