Conveyancing Direct became the first organisation to deliver the new e-mortgage deed following several months work to integrate its own systems with Land Registry’s case management system. Marcus Sullivan, Project Manager, Conveyancing Direct says: “This innovation will shave days off mortgages and re-mortgages, and in turn the entire home buying process, as there is no requirement for a physical deed to be created and then posted between client and conveyancer.
“Electronic deeds are generated automatically with data pulled directly from our case management system and automatically mapped to various fields in the deed, allowing us to offer an extremely efficient, fast service for lenders and customers,” Marcus explains.
“This new service is clearly the way forward for conveyancing, especially in a world where the provision of and demand for online services is becoming the norm.”
The new electronic mortgage deed, or electronic charge in standard form (e-CSF), also offers greater flexibility for those who, for whatever reason, cannot be physically present to receive, sign and return the mortgage deed. “An e-mortgage takes away the need to be physically present to receive the mortgage deed,” Marcus continues. “So if for whatever reason you are abroad at the time the deed is ready for signature, you can log-in and digitally sign it without even being in the same country.”
Conveyancing Direct worked with software vendor FWBS to ensure it was fully integrated with Land Registry’s case management system to deliver the new service.
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