COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by UK Finance and professional indemnity insurers. COMPLETIONmonitor is a unique risk mitigation tool.
This software facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Lloyds’s changes. While utilising the software is not a condition for acceptance on the Lloyds panel, demonstrating you can stay up to date with Lloyds’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your panel standing.
The system generates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in reduced PII premiums.
Mortgage companies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Lloyds are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently: