Ulster Bank is in all likelihood, one of your most important clients for conveyancing work.
Are you 100% sure that you are complying with the instructions as a firm on the Ulster Bank 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 Ulster Bank are the lender.
Lexsure’s comprehensive bank of Ulster Bank Handbook instructions enables us to analyse a law firms’ conveyancing cases whilst on the Ulster Bank conveyancing panel retrospectively and in the similar manner Ulster Bank would.
Our panel of expert assessors independently review using propriety templates and Lender obligation archives whether each conveyancing matter breached your contractual obligations when the CoT was completed.
For conveyancing firms where their search provider is not offering the service, our costs is £1,975+VAT. Lexsure will audit eight remortgage or purchase files involving Ulster Bank, which we can stratify by tenure (e.g. leasehold) date or a multitude characteristics.
At the end of the audit, we will present you with a full written findings for your cases with Ulster Bank and a baseline risk summary. We will also meet with you to go through our auditor’s findings and recommendations in a formal debrief. Audit follow-up will occur. Our office will contact the COLP to request the status of planned actions. No more than two lender conveyancing panel audits may be requested by a firm per annum.
Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a Ulster Bank 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 Ulster Bank panel compliance file audit. Please note that before accepting a Ulster Bank conveyancing panel compliance file audit we have to conduct a conflict check. It may not be possible for Lexsure to agree to a Ulster Bank panel Part 2 compliance review