Nottingham Building Society, one of the UK’s largest mutual building societies, has partnered with Smoove, a leading software provider in the conveyancing comparison sector and a subsidiary of PEXA Group, to enhance its panel management services.
The collaboration is aimed at streamlining Nottingham Building Society’s mortgage panel management, improving efficiency for the lender and enhancing the overall customer experience.
This partnership builds on Nottingham Building Society’s existing collaboration with PEXA Group businesses, particularly through its engagement with Optima Legal, a conveyancing firm owned by PEXA. Optima Legal currently supports Nottingham Building Society through its 100% Fees Assisted Mortgage service.
Smoove has played a crucial role in supporting property market stakeholders by offering innovative solutions that simplify the conveyancing process. Its panel management services facilitate smoother communication between lenders and legal professionals while ensuring a more secure document exchange through Smoove’s Connect Portal.
Paul Saunders, director of lender services at Smoove, said, “Our panel management service is designed to help lenders improve their risk profile and facilitate the transmission of documents to conveyancers securely through Smoove’s Connect Portal. Everything we do is aimed at making the property process better and more efficient for all and we look forward to delivering this vision for Nottingham and hope to keep building on our important work with them.”
Praven Subbramoney, chief lending officer at Nottingham Building Society, said, “We wanted to find a partner that helped us execute a much smoother, seamless process for our panel firms and brokers – our mission is always to deliver the best possible process for our borrowers. Smoove works closely with Optima Legal, who we already work with, so they were always an option, but the reality is we chose them because our visions for the property market align so closely. We have already seen the positive benefits and look forward to seeing what’s to come in 2025.”
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