Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insurers. COMPLETIONmonitor is a unique risk mitigation tool.
This system optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Paratus’s changes. Notwithstanding that using COMPLETIONmonitor is not a condition for acceptance on the Paratus panel, demonstrating you can stay up to date with Paratus’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your firm’s panel status.
The software creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in a PII saving.
Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Paratus are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently: