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Lender Audits are on the Rise

Home » Lender Audits are on the Rise …

Free UKF Handbook Compliance Check Service for Searches UK clients:

How easily would you sleep tonight if you’d just received a letter from a major lender, or their lawyers, with a list of files to be handed over for review? Would you be confident that all is in order?

Lender file audits are on the rise and with an uncertain financial future, there is the potential for a very rapid increase.

Lenders and PI insurers periodically warn the industry that non-compliance with the UKF (formerly CML) Lenders’ Handbook is common. Failure to comply with lender requirements can result in removal from a lender’s panel as well as insurance claims. In some cases, regulators even instigate disciplinary action for alleged professional misconduct.

Lender compliance experts Lexsure usually offer their audit facility only to lenders and insurers.

Now, thanks to Searches UK, clients can commission their own, totally confidential audit from Lexsure … and, for a limited period, we’ll pay for it.

Lexsure’s compliance expertise and comprehensive database of Handbook instructions gives them the ability to review conveyancing case files retrospectively in a way that is totally unique. They can assess whether each transaction was in line with lender requirements at the time it was completed, and if not, the extent of risk it presents to the firm, its insurer and the lender.

All of which adds up to peace of mind… and a good night’s sleep.

Please call or email today to book your FREE lender compliance audit!

To book your FREE Lexsure lender compliance audit and to discuss your bespoke requirements, please contact Searches UK directly on 0800 043 1815 or email us at info@searchesuk.co.uk to speak to one of our dedicated team today.

Terms and conditions:
  • Strictly subject to availability, please book early to avoid disappointment
  • Subject to conflict check. Before accepting your firm for audit, Lexsure will check against a number of potential conflicts, such as whether Lexsure has already been commissioned to conduct a compliance audit of your firm in the next 9 months.

 

 

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