LMS begins Charge Registration process update

Published on

LMS has increased the digital capability of its charge registration tool.

In the first stage of its dedicated programme of work to improve this process for law firms, they can now update LMS indirectly through their own CMS provider, digitally. This change marks the first step in a redesign of LMS’s charge registration processing and oversight.

Following law firm feedback, which suggested that the current process wasn’t aligned with current HMLR timeframes, LMS says it has invested in a series of integrations with third parties, building a series of connectors that allows firms to update LMS on charge registrations digitally via their own CMS provider, including the ability to upload documents and provide delay reasons.

Ian Robinson, chief operating officer at LMS, said: “We exist to drive efficiencies and improve the conveyancing journey for all stakeholders, but we can only do that by listening to feedback from law firms and addressing the pain points they are experiencing. Charge Registration is one of those, and by introducing digital update capabilities we hope we have taken a significant step to address this frustration. We appreciate that notifications and requests for updates create additional work particularly when they aren’t necessarily aligned with market conditions.

But, as ever at LMS, we don’t stop here! This is just the first iteration of many – the team is currently looking at automating HMLR services to further assist law firms and, eventually, embedding those services within our e-COT platform. We are defining these regular updates across 2023, and the road ahead is full of exciting new digital services that aim to support lenders, law firms and other key stakeholders. LMS takes pride in ensuring such tools are innovative, collaborative and remain accessible to all.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

PMS reports double-digit growth in mortgages and protection

PMS Mortgage Club says it is on course for its strongest performance in five...

Property firms urged to engage early with digital home-moving reforms

Property professionals have been urged to start testing digital home-moving processes now rather than...

DPMSG launches consumer guide to Smart Property Data

The Digital Property Market Steering Group has launched a consumer-focused video explaining how Smart...

Together joins Equity Release Council as later life market broadens

Together has become a member of the Equity Release Council as the specialist lender...

Cambridge BS funding supports expansion of domestic abuse charity

The Angels Foundation UK has opened a wellbeing centre in Cambridgeshire after receiving the...

Latest publication

Other news

PMS reports double-digit growth in mortgages and protection

PMS Mortgage Club says it is on course for its strongest performance in five...

Property firms urged to engage early with digital home-moving reforms

Property professionals have been urged to start testing digital home-moving processes now rather than...

DPMSG launches consumer guide to Smart Property Data

The Digital Property Market Steering Group has launched a consumer-focused video explaining how Smart...