COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.
This system is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Paratus’s changes. Even though using COMPLETIONmonitor is not a prerequisite for Paratus , demonstrating you can stay up to date with Paratus’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your panel standing.
The system generates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to reduced PII premiums.
Lenders often vary 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: