COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.
This system assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Banks and Clients’s changes. Even though using the software is not a condition for being on the Banks and Clients panel, demonstrating you can stay up to date with Banks and Clients’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your firm’s panel status.
COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to a PII saving.
Mortgage companies frequently change their requirements. The BSA instructions from Banks and Clients are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: