Lender Panel Removal
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Lender Panel Membership: How Conveyancing Firms Can Manage the Risk
Lender panel membership is vital for conveyancing firms, impacting existing and new client relationships. Effective risk management involves accurate information, supervision, and compliance with lender instructions. Firms must document changes and be prepared to respond to inquiries with evidence of their practices. Accreditation alone doesn’t assure ongoing membership; compliance is crucial.
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Lender Exchange: Lender Panel Removal
The post discusses concerns from conveyancing firms about the Lender Exchange’s 90-Day Confirmation process and its impact on compliance with the SRA. It emphasises the importance of timely confirmations to mitigate risks related to mortgage fraud and regulatory issues. The author also highlights a dedicated help desk for firms needing assistance.