TM Group Extends Compliance Portfolio with Jet Flight

TM Group Extends Compliance Portfolio with Jet Flight

New product increases efficiency, reduces risk and ensures compliance in residential conveyancing

London, 18th July 2013 –  TM Group, the largest provider of property searches in conveyancing, has extended its suite of compliance products with the launch of Jet Flight.  Jet Flight is a unique product that is the first to come to the market. It can significantly reduce the time taken to ensure that every residential property transaction within the conveyancing process is lender-compliant while protecting conveyancers against negligence claims. 

The sophisticated online solution sits within a range of existing TM Group products that help solicitors and conveyancers to manage risk, ensure compliance, and act in the best interest of the client during property transactions.  A key benefit of Jet Flight is that it makes the Council of Mortgage Lenders’ handbook an integrated and automated part of the conveyancing process, helping to quickly identify individual lender requirements. 

Ben Harris, Sales and Marketing Director of TM Group, explains: “There are currently 105 different UK lenders so understanding a particular lender’s requirements and keeping up-to-date with changes can be an extremely time-consuming manual process, particularly given that individual requirements can change on a daily basis. It can take a significant amount of time to manually check these requirements but Jet Flight highlights the relevant questions from the CML handbook for a specific lender in just five minutes, improving efficiency and ensuring CML compliance.”

By not addressing or overlooking a lender’s requirements, a solicitor or conveyancer risks being sued by the lender for the full value of the mortgage and their firm could be removed from the lender panel. In the SRA’s recent thematic review, a quarter of firms surveyed stated that they had experienced professional negligence claims relating to conveyancing work in the last two years, and this may be set to rise as repossessions increase. 

Harris comments: “Because of the frequency of the updates and the time involved in checking the handbook, many solicitors and conveyancers are failing to regularly check for changes and could be acting on out-of-date information. This leaves them and their clients open to risk and claims of negligence when it could easily be avoided through better use of technology and improved compliance.” 

The TM Group compliance range includes LawyerChecker, Anti-Money Laundering (AML), and Jet Convey (Flight and Check out).
Jet Flight is available from www.tmgroup.co.uk

tmgroup

https://www.tmgroup.co.uk/%20

tmgroup make the complexities in the property transaction beautifully simple; bringing together over 20 years’ experience as a leading provider of property searches, as well as related data and technology services, to support all connected parties across the chain – including residential conveyancers, real estate professionals, and estate agents – with the latest, innovative solutions to help improve communication, efficiency and collaboration.

Thinking about switching? You’re in safe hands…

To date, tmgroup have successfully processed over 20 million property searches. In addition, tmgroup holds ISO 27001 certification, Microsoft Gold Partner and Investors in People status, ORB (Organisation of Responsible Businesses) membership, and regularly receives great client feedback, including;

  • “The team are unfailingly helpful.” – Marina Wickens, Legal Director at Foot Anstey LLP.
  • “Easy to navigate and very simple to order. I love the choice of searches available. – Jane Stark, Partner at Rainbow Law.
  • “Thanks to tmgroup’s time-saving technology, we’ve significantly reduced the admin time per transaction, and this has helped our team work far more efficiently.” – Arash Dinari, Head of Commercial Property at Wolferstans Solicitors.

If you want to talk through any of the above, please get in touch directly with Martin Manning, Head of Account Management, on 07747 216424.


Key Services

  • Residential Services include: Mapping Solutions, New Build Services, Risk Management, Quote tool, Consumer portal, Post-Completion, and mio Chain View
  • Commercial Services include: Premium, Managed Services, Land Registry Extract, Portfolio Service, Mapping Solutions, Post-Completion, and Risk Management

Address

1200 Delta Business Park
Swindon
Wiltshire
SN5 7XZ


Key Contact

Name: Martin Manning
Tel: 07747 216424
Email: [email protected]
Linkedin Acc: https://www.linkedin.com/in/m-manning

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