COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. It is a unique risk management tool.
This system is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on RBS- First Active’s changes. Notwithstanding that using COMPLETIONmonitor is not a condition for being on the RBS- First Active panel, demonstrating you can remain up to date with RBS- First Active’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your panel standing.
The software creates real-time alerts, automatically produces COLP and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in a PII saving.
Lenders often change their requirements. The UK Finance Lenders’ Handbook requirements from RBS- First Active are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: