Alan Dring launches conveyancing tool
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Alan Dring, the former director of eConvyancing has launched Jet, a new online tool developed by technology firm Space01 and designed to help meet the needs of conveyancers.
Jet incorporates the 22,000 plus elements of the Council of Mortgage Lenders Handbook, which allows a conveyancer to achieve 100% compliance with each individual lender’s criteria.
It is designed to help lenders develop their conveyancing panel criteria while allowing conveyancers to comply with the new regulatory regime which comes into force next October.
The Lenders’ Handbook and Part II requirements come to 39 pages.
Dring says currently if the conveyancer follows his or her professional duties to the letter, it can take as long as 45 minutes to review, interpret and apply the instructions to the case.
Jet has already digitised, analysed and filtered the data and, where possible, converted it to plain English.
Jet also allows Handbook checking to be carried out by less qualified members of staff.
Dring, managing director of consultancy the Mad Approach, says: “For the last 10 years I have seen the legal fraternity try to adapt to the changes made to the conveyancing landscape and have to say many have struggled to get the balance between their legal obligations and the impact this has had on bottom line growth, time saving efficiencies and customer satisfaction.
“With the implications of the SRA’s Draft Supervision and Enforcement Strategy for Conveyancing casting a major shadow over the profession this year I believe this product will be a significant help as conveyancers strive to gain lender panel accreditation.”
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Readers' comments (3)
john | 25 Jul 2011 1:50 pm
I used to refer to the hand book quite alot it didnt strike me as needing to be translated in to plain english.
Anyone close to conveyancing will soon pick up obligations and undertakings required by the handbook
Bit of an non story i think !
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Julian | 25 Jul 2011 3:16 pm
The Handbook, more's the pity, changes every week and so anything that can keep on top of that and translate its fineries is to be welcomed. The devil, as they say, is in the detail and that is always where the conveyancer might slip up.
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Julian | 25 Jul 2011 5:00 pm
The Handbook is made more difficult by the sheer number of variables to it and it is each lender's individual interpretations which means the devil is very much in the detail. For the conveyancer there is danger in assumption and familiarity: with changes each week a system like this can ensure risk isn't left to chance and hearsay.
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