It should be acknowledged, first and foremost, that all industry players are doing their upmost to drive efficiency, reliability and certainty in the conveyancing process. All anyone in this market wants is to ensure that they deliver the best possible customer outcome, which thanks to more conventional methods of working, has not always been an easy task.
To that end, the provision and development of technology by third-parties to overhaul these methods, and the mobilisation of stakeholders to implement it, has been tremendous over the last 18 months. This has enabled the digitisation of each part of the process and caused us to take giant leaps towards a more seamless and secure journey for all.
However, the issues facing conveyancers, and, for that matter, all stakeholders involved in a transaction process have been fairly consistent for some time. They are all reporting the same problem – the conveyancing journey needs to foster greater efficiency and transparency in order to remove the disjointed nature of communication and reduce the time spent on unskilled or administrative tasks.
Removing the siloed nature of tech implementation with a single platform where suppliers, firms, lenders, brokers, valuers and borrowers alike can all collaborate to ensure complete transparency throughout the whole journey. LMS has built exactly that.
LMS Animation VER5 from LMS on Vimeo.
The LMS platform brings each individual product together under one metaphorical roof, allowing all stakeholders to take care of everything in one place in a more efficient, secure and swift manner. It gives them precious time back to focus on more urgent, important or skilled tasks rather than worrying about admin, and allows streamlined communication across the board.
LMS’ authenticated and extensive network, with an estimated coverage of over 95% of the residential conveyancing community, will allow it to deliver on a huge scale at pace, engaging with lenders and firms to develop and implement the platform for the benefit of all.
Products like Secure Link, e-cot and redemption statement requests, confirmly and DART, as well LMS’ long standing integrations with a long list of Lenders and providers such as InfoTrack are all integrated on the platform, meaning it is already available to thousands of stakeholders and accessible through multiple touchpoints depending on the client to deliver huge benefits. Not only does this give clients access to a whole suite of products rather than having to implement each one in silo, it also means that all stakeholders can access or request essential data throughout the conveyancing journey. It means that there is one view of the data, and an open, through flow of information that means everything is much more seamless regardless of point of access.
Various workshops focusing on the LMS platform are planned as part of the upcoming National Conveyancing Week (20th – 24th March 2023) but you can also find out more by visiting the LMS website here or emailing Travis Scholes at travis.scholes@lms.com.
This article was submitted to be published by LMS as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.
One Response
LMS ARE THE WORST COMPANY TO DEAL WITH.
As a Law firm they are constantly harassing for follow up to registrations when Land reg are at fault. They constantly threated with panel removal. They increase their prices by 50% in one month. Lenders don’t care as they are not aware. Lender Exchange are 10 times better and helpful. LMS are unhelpful, uncontactable and obstructive. Too big for their boots. I do not know of a single firm who like dealing with them.
Arrogant beyond belief.