Search and software provider poweredbypie, a Dye & Durham company is now offering a lender compliance tool through its online ordering platform.
Lender Handbook Tracker enables conveyancers to keep up to date with specific mortgage lenders’ Part 2 instructions and check for any changes that have occurred during the conveyance that could delay the submission of the Certificate of Title.
Jeremy Dorkins, UK director of customer success at poweredbypie explains:
“Mortgage lenders can now log in and make changes to their CML handbook anytime they wish. In the last three months of 2020, 46 lenders made changes to their Part 2s with 110 questions being updated within the last 30 days of the period alone*. Crucially, the UK Finance Mortgage Lenders Handbook does not keep records or databases of when the Part 2 changes are made. Our new solution now offers a convenient, concise summary and audit trail of any Part 2 changes that have occurred since instruction.”
Lender Handbook Tracker, which is supplied by Navro, costs just £6.50 + VAT, produces a pdf report which can be updated up to five times during the course of the conveyance, enabling legal teams to see any changes that may affect the transaction in a clear and concise way. The report can be run against any lender listed by UK Finance, with the database refreshing four times a day.
Dorkins continues:
“It’s simple to use, just pick the date range and receive the report in seconds. Updates are available 24/7 at the click of a button. Performing Lender Handbook Checks as standard on every case helps demonstrate due diligence and can also assist in protecting PI insurance against claims. It’s a must-have for any conveyancing team.”
As a company, poweredbypie is dedicated to supporting conveyancing teams through a range of software and search solutions. For further information please see: www.poweredbypie.co.uk or contact Customer Services on: 0118 334 5171.
This article was submitted to be published by poweredbypie 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.
