Conveyancing search provider, SearchFlow has launched an unrivalled personal search report with unique data insight and intelligent risk analysis to aid compliance and save time spent on due diligence.
The new product offers the most up-to-date property search information with a summary interpretation, which is supported with advice outlining the next steps required, along with contact details of data providers to assist with further enquiries.
The improved format and consistent presentation of information helps conveyancers and their support staff by streamlining the process of reading and interpreting property searches.
With the report condensed to highlight only the relevant information, it reduces the time spent reviewing the document considerably, allowing for improved business cost savings.
Homebuyers will also be able to confidently review the document with its clear and intuitive display of search data accompanied with descriptors to explain the relevant information; allowing conveyancers the opportunity to provide their customers with an improved service and enhanced communication.
The product also includes a risk profiling service using a ‘traffic light’ system to identify searches that require further attention. This initially covers road and radon data and will soon be extended to other sections of the report.
SearchFlow’s Personal Search for all property purchasers throughout England and Wales is available at a standardised and cost efficient national price that helps simplify quoting. The fully compliant Personal Search which is accepted by all major lenders is also offered with indemnity insurance of up to £10million.
The report is the first product to be generated using SearchFlow’s new data delivery platform, which will power further new-to-market products and services scheduled for launch in 2016.
Kris Clark, head of product of SearchFlow, comments: “We are dedicated to building new products that use the latest technological advancements to meet the evolving needs of conveyancers.
“This product sets a new standard in local searching, building on the tried and trusted data collection and quality assurance process of our personal searchers, who have delivered results to property professionals for over thirty years.
“By enhancing our reports with insightful risk analysis, we are helping to ensure due-diligence is more readily met and that precious fee-earner time is saved. We also believe that conveyancers will benefit from an improved and more transparent service offering to their clients.”