LMS has announced its partnership with Redbrick Solutions, a case management software (CMS) provider, to deliver Confirmly, an identity checking technology to all its clients.
Confirmly allows the provision of real time monitoring to law firms by using LMS Panel Link and specialist data to verify bank account details. It reduces the risks associated with money transfers and allows the gathering of information from trusted third party sources.
Since launching in February, LMS says Confirmly has seen a “high degree” of uptake and the incorporation of the technology into Redbrick Solutions’ case management software will ensure it is rolled out across all of its partner law firms.
Travis Scholes, commercial director at LMS, said: “LMS is dedicated to making the mortgage market both more secure and reliable, so we launched Confirmly to help reduce the likelihood of scams and fraud. Based on April 2022 stats, 223 law firms updated their details with LMS, proving how valuable the tech is.
“It’s also been successful in identifying a 4.4% ’No Match’ result and a 3.8% rate of ‘Matches with Cautions’, helping firms ensure their customers aren’t losing out on what could well be their life savings.
“Partnering with Redbrick Solutions on this will allow us to help even more firms deliver this level of protection and peace of mind, not only for themselves but also for the end customer.”
Martin MacDuff, managing director at Redbrick Solutions, added: “We are happy to announce that Confirmly by LMS will be available to all Redbrick Solutions customers over the coming months. Our aim is to help increase ease and efficiency for law firms and we see confirmly playing a huge part in that process whilst reducing risk and preventing fraud.”