BEGIN ARTICLE PREVIEW:
A few weeks ago, we extended our exclusive rapid re-mortgage conveyancing proposition with Openwork to the broader market. The results have been impressive. At the time of writing, the service had delivered over 200 cases with instructions often being completion-ready in less than 3 hours. To date, the average ‘full completion’ is taking as little as 10 working days and since the roll out in mid-May the service is handling 25 cases per day.
Beyond the immediate headlines though, these figures tell us two things. One is that the product concept, which is available as part of our DigitalMove platform, has been a huge success with those brokers using it for client reasons and commercial reasons. The process quickly triages cases for possible exemptions (such as short leases and second charges cases) and qualifying clients receive their DigitalMove Rapid Remortgage Pack. Once fully completed and returned the case is made ready for completion by the end of the following working day. Quicker transactions mean improved cashflow and less idle money throughout the entire value chain which is supported by some heavyweight firms; O’Neill Patient, PLS and Gorvins.
The second part of this is a broader narrative that digital solutions have come of age. …
END ARTICLE PREVIEW