Before LENDERmonitor, there was no easy way for lawyers to determine when lenders changed their policies and, even if they did find out, it was almost impossible to know the details of the change. But now with LENDERmonitor, there is a service that checks if any changes have been made to lender policies (these occur regularly) and if they have, notifies the lawyer of the differences by email.
The need for this product is clear to even the most sceptical of law firms. It is endorsed by major professional indemnity insurers.
LENDERmonitor regularly communicates with over 2,300 conveyancers and solicitors.
Lexsure has been tracking changes for the last decade.
Updating your Terms and Conditions is particularly important at a time given the constantly moving landscape when it comes to risk management in conveyancing. Solicitors and conveyancers are at greater risk of being sued if or face regulatory enforcement if they fail to comply with lender requirements. Furthermore, monthly notifications will assist in discharging your annual continuing competence requirements or obligations set out in any CQS Learning And Development Policy or CQS Dealing with Lender Policy.
This service is only applicable to law firm in England and Wales. If you are a Scottish or Northern Ireland firm please contact us directly about the availability for services to those jurisdictions.
To Register or to find out more about pricing, please contact us.