The Council of Mortgage Lenders (CML) has welcomed JET, the new online compliance tool for conveyancers, as an ‘innovative product’ which should help conveyancing professionals work with lenders to counter fraud and negligence.
JET is now being rolled out with selected conveyancing firms and businesses across the UK by its developer JET Convey.
JET incorporates the 19,500 elements of the CML Lenders Handbook (in association with First Title’s HOPP) to allow a conveyancer to achieve 100% compliance with each individual lender’s criteria.
Paul Smee , the CML’s director general, said: “It is always good to see innovative products which help those involved in the housing market to counter the very real problems of fraud and negligence. JET has developed a means of helping conveyancers use our handbook which should make it easier for them to protect against these risks.””
