COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. COMPLETIONmonitor is a unique risk management tool.
This software is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Mortgage Express (No 2)’s changes. Notwithstanding that using COMPLETIONmonitor is not a prerequisite for Mortgage Express (No 2) , demonstrating you can stay up to date with Mortgage Express (No 2)’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your panel status.
The system creates 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 reduced PII premiums.
Lenders often vary their requirements. The UK Finance Lenders’ Handbook requirements from Mortgage Express (No 2) are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: