Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. It is a unique risk mitigation tool.
This software is the only way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on NRAM Ltd’s changes. While utilising COMPLETIONmonitor is not a condition for being on the NRAM Ltd panel, demonstrating you can stay up to date with NRAM Ltd’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your panel status.
COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in a PII saving.
Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from NRAM Ltd are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time: