LMS has revealed that since the relaunch of its SELECT platform in December 2021, it has seen a 60% increase in instructions through the platform.
Over 25 broker networks now utilise SELECT to meet their conveyancing needs, with 17% having only registered since the re-launch. It now provides them with the ability to get accurate and “almost instant” quotes on niche products such as buy-to-let and HMO options.
In addition, LMS has seen an increase in law firms joining ; new firms include ProConveyancing, Bell Lamb and Joynson and Ronald Fletcher Baker, and they join LMS’ established panel of law firms that includes Read Roper (LPL) and ONP Group.
LMS is planning the next stage of the product’s development that will allow third parties to access its panel of conveyancers without the need to go through its own user interface.
Travis Scholes, commercial director at LMS, said: “Since re-launching SELECT, we’ve seen the product move from strength-to-strength, and we take a great deal of pride in the fact that the number of instructions through the platform has increased. It’s proof that the tech is doing what we intended: making the conveyancing journey much easier for all, brokers and law firms alike.
“The increased uptake from both law firms, brokers and networks alike is a reflection of the fast, secure and high-quality service SELECT brings and, while we continue to review and improve the service, the skilled support team remains on hand to offer unrivalled assistance for the whole network.
“The mortgage industry is often slowed by the many moving parts and it’s only through technology and collaboration across the sector that can we speed up this process. We hope SELECT plays a part in this and have exciting developments planned that we think will build on this even further.”