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The Lender Exchange web portal was designed by Decision First to address the issue of multiple lenders seeking similar information from law firms in order to manage their conveyancing panels.
Now launched with Lloyds Banking Group and Santander, please click on the link below to register:
Other lenders interested in utilising the portal include RBS, Bank of Ireland, Coventry Building Society and Paragon.
The launch of Lender Exchange has been driven by lenders’ desire to reduce risk. The unique new portal represents another focus in the growing battle against fraud, of which the annual cost to the UK economy is now estimated to be £73bn a year. (Source: National Fraud Authority 2012).
The shareholders of Decision First, have more than 20 years experience in providing secure web based portals for major lenders to manage their panel application and ongoing due diligence processes. This experience has been brought to bear on developing the Lender Exchange portal which we are sure will bring further efficiencies to all parties, conveyancers and lenders alike.
The launch of the Lender Exchange will bring about the following benefits for law firms: