Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by PI insurers such as AmTrust. It is a unique risk mitigation tool.
This system facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Magellan Homeloans’s changes. While using the tool is not a condition for acceptance on the Magellan Homeloans panel, demonstrating you can stay up to date with Magellan Homeloans’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your panel standing.
The system creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.
Lenders 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: