COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.
This software assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Magellan Homeloans’s changes. While utilising this technology is not a prerequisite for Magellan Homeloans , demonstrating you can remain up to date with Magellan Homeloans’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your panel status.
COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to reduced PII premiums.
Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Magellan Homeloans are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: