Smart Reports
Reporting potential issues, instantly.
We know from experience that one of the key areas of concerns for conveyancers is their ability to manage risk, particularly when it comes to buying properties.
Especially where there is a mortgage lender involved, compliance with their requirements can be very onerous and time-consuming.
Reducing the time and effort involved in compliance.
Reducing the time and effort involved in compliance.
Compliance focused
Lender handbook compliance
When acting for a lender, especially on leasehold purchases, there are many areas for a lawyer to trip up. Whether it’s checking the lease for compliance, lease term of any one of a number of issues, our Smart Reports will check and report on any problems it finds, including highlighting the source in both the lease and the lender handbook.
Always up-to-date
Automatic handbook retrieval
With lenders constantly updating their handbook with new requirements, keeping up to date can be a challenge. That’s why, when you use Smart Reports, the latest version is downloaded automatically from the UK Finance website for comparison with the property documents.
Audit ready
Compliance reporting
Given the importance of keeping an accurate audit when advising mortgage lenders and the frequent changes of the lender handbook, Smart Reports automatically generates a summary report with evidence from both the handbook and the lease included as standard, so it can be stored along with case notes.
Client focused
Mortgage reporting
We know that lawyers spend a lot of time reporting on mortgage offers for their clients. It’s more about data transfer and checking, and Smart Reports offers lawyers the ability to generate these from a mortgage offer, using either the Legalito mortgage report, or their own branded version.This is genuine innovation