e4 Strategic has launched a new panel management platform aimed at helping lenders oversee conveyancer panels more closely while simplifying onboarding and compliance for law firms.
The platform, called VERSA Assure, is designed to support lenders with large conveyancer panels, where thousands of firms may be handling mortgage cases each year.
The business said the system is intended to automate parts of the onboarding process, improve panel configuration and give lenders better visibility of post-offer performance.
e4 Strategic said VERSA Assure has been built to work alongside VERSA Convey, its digital workflow platform, allowing lenders and conveyancers to access firm-level analytics, case tracking and panel segmentation in real time.
The proposition is intended to give lenders a clearer view of how firms on their panels are performing after offer, while also allowing cases to be allocated according to areas of conveyancing expertise. These include buy-to-let, limited company, shared ownership, new-build and HMO work.
The firm said the platform would also allow transactions to be monitored at case level, with a view to helping operations and risk teams identify where delays and avoidable costs are entering the post-offer process.
According to e4 Strategic, VERSA Assure has been developed to provide multi-panel control, automated compliance and validation, easier onboarding and a lower-touch operating model for both lenders and conveyancers.
It also aims to make ongoing compliance less burdensome for firms while giving lenders more detailed performance data.
Simon Slater (pictured), chief executive of e4 Strategic, said: “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.”
Slater added: “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.”
