LMS announces the beginning of its Charge Registration evolution
LMS, the UK’s leading conveyancing services provider, today (27 June 2023) announces that it has increased the digital capability of its charge registration tool.
In the first stage of its dedicated programme of work to improve this process for law firms, they can now update LMS indirectly through their own CMS provider, digitally. This change marks the first step in a redesign of our charge registration processing and oversight.
Following law firm feedback, which suggested that the current process wasn’t aligned with current HMLR timeframes, LMS has invested in a series of integrations with third parties, building a series of connectors that allows firms to update LMS on charge registrations digitally via their own CMS provider, including the ability to upload documents and provide delay reasons.
With all the necessary API development done behind the scenes, LMS have designed the process to be simple to adopt, limiting any technical changes firms need to make.
This enhancement ensures continual compliance with lender post-completion requirements and streamlined communication and collaboration between the lender and the firm.
In a consistent drive for increased efficiency and digitisation of the conveyancing journey, additional developments this year will seek to utilise the developments being made by HMLR and other stakeholders to further simplify the process and improve how we communicate when it is required.
Ian Robinson
Ian Robinson, Chief Operating Officer at LMS, said:
“We exist to drive efficiencies and improve the conveyancing journey for all stakeholders, but we can only do that by listening to feedback from law firms and addressing the pain points they are experiencing.
“Charge Registration is one of those, and by introducing digital update capabilities we hope we have taken a significant step to address this frustration.
“We appreciate that notifications and requests for updates create additional work particularly when they aren’t necessarily aligned with market conditions.
“But, as ever at LMS, we don’t stop here!
“This is just the first iteration of many – the team is currently looking at automating HMLR services to further assist law firms and, eventually, embedding those services within our e-COT platform.
“We are defining these regular updates across 2023, and the road ahead is full of exciting new digital services that aim to support lenders, law firms and other key stakeholders.
“LMS takes pride in ensuring such tools are innovative, collaborative and remain accessible to all.”
Kindly shared by LMS
Main article photo courtesy of Pixabay
