Conveyancing software developer ULS Technology plc has confirmed that it has re-contracted with Lloyds Banking Group for two years. The deal will initially run until 2020 with further options to extend.
By developing new technologies, and constantly improving and trying to perfect the products and services it offers, ULS technology now holds circa 5% market share of new conveyancing instructions in the UK mortgage and remortgage market.
Commenting on the announcement, ULS Technology chief executive Steve Goodall said: “We help Lloyds Banking Group’s customers choose highly-rated conveyancers at competitive prices. We have been providing this service in conjunction with Lloyds Banking Group for over 10 years and are delighted to continue our long-standing relationship with them.”
ULS Technology has seen increased levels of traction thanks to its ability to tailor pioneering products for clients. For example, the technology provider developed an innovative new conveyancing service for Lloyds, which was launched with the Legal & General Mortgage Club. The platform allows members of the L&G Mortgage Club to choose between a panel of 200 solicitors. Ultimately, putting power into the hands of consumers.
In addition to Lloyds Banking Group, ULS Technology also provides conveyancing technology and services to a variety of other mortgage lenders. The business aims to create tools that lenders can use to realise significant new efficiencies while delivering all types of quick and cost-effective conveyancing services to their customers.
Conveyancing partnerships in this sector extend to leading banks, building societies, specialist lenders and “challenger” banks. The company also provides risk management and compliance consultancy services for solicitors and licensed conveyancers.
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