Ochresoft looks to leverage CML membership

Print This Post

24 February 2015


PrintLegal workflow specialist Ochresoft has become an associate member of the Council of Mortgage Lenders (CML).

Given the influence of lenders on all aspects of the conveyancing process with particular reference to lender panels, membership is seen as key to helping Ochresoft remain close to sector issues, aware of trends and thinking, and responsive to statistics and industry findings. This will better inform the continuing development of the Intelliworks Conveyancing platform, ensuring it remains the market leader by delivering the requisite depth of functionality and compliance features in a timely manner.

Ochresoft will also be subscribing to the CML data feed which gives real-time access to changes in the CML Handbook, in turn underpinning Ochresoft’s drive to embed CML Handbook Part 2 & 3 validation into the Intelliworks workflow processes themselves. Users are already CML Part 1 compliant when following the workflows but will soon be able to check and validate their file against up-to-the-minute specific lending criteria (Parts 2 & 3) directly from the case itself. This will give confidence both to lenders and PI insurers, with lender claims forming the largest section of PI claims in the residential conveyancing field.

Pauline Freegard, Ochresoft’s director of business development, comments: “Conveyancing doesn’t exist without lenders and their influence permeates every aspect of the market. It’s vital that we keep abreast of their ‘hot buttons’ so we continue to factor those into our products and keep conveyancing teams compliant, productive and quality-driven. ”

 



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

How best to achieve independent regulation under the Legal Services Act?

Craig Wakeford LSB

Independent regulation gives confidence to consumers, providers, investors and society as a whole that legal services work in the public interest and support the rule of law. The Legal Services Act 2007 does not require all approved regulators to be structurally separate from representative bodies. Instead, the Legal Services Board is required by the Act to produce internal governance rules (IGR) which apply the principle of regulatory independence in legal service regulation. We are currently running a consultation on the IGR which continues until 9 February.

January 19th, 2018