e4 Strategic has launched VERSA Assure a modern conveyancer panel management platform that will simplify the onboarding process for conveyancers and improve panel management and oversight for lenders.
With lenders having thousands of conveyancing firms on their so-called open panels and these firms processing thousands of mortgage cases each year, VERSA Assure, e4 Strategic’s panel management solution, has been designed to automate onboarding, provide greater configuration, and linked with VERSA Convey will provide measurable oversight of how panel perform at the post offer stage.
Integrated with VERSA Convey our digital workflow platform, these two combined solutions provide the lender and conveyancers with real-time firm-level analytics, case tracking and sector-based panel segmentation. For the lender it also caters for conveyancing expertise, allowing for the allocation of cases by specialism, such as buy-to-let, limited company, shared ownership, new-build and HMO, and enables the monitoring of transactions at a case level.
VERSA Assure has been designed to provide:
- Configurable multi-panel control
- Frictionless onboarding for firms
- Automated compliance & validation
- An easy, low-touch operational model for both conveyancers and lenders
- Easy ongoing compliance for conveyancers
- Real-time data & performance insights
As one platform, VERSA provides complete panel management combined with greater operational processing and delivery, whilst giving operations and risk teams at both lenders and conveyancing law firms much clearer insights into where delays and avoidable costs are entering the post-offer journey.
Simon Slater, CEO of e4 Strategic, commented:
“We have completely reimagined panel management with VERSA Assure. It has to be easier to manage panel firms and for them to stay compliant. Yet this is only one part of the picture, the real challenge is for all parties managing performance, risk, and delivery outcomes once a case has been offered. That is where efficiency is won or lost. VERSA will benefit conveyancers tremendously, with small gains and variations in behaviour across a large panel compounding quickly, affecting pipeline certainty, conversions, resource planning and ultimately the customer experience.”
“For lenders, VERSA Assure is built to provide more flexibility, automation, improved oversight and real-time panel governance. We are delighted to have another key solution in our product journey ready for market.”
