LMS Select sees 60% increase in instructions in less than six months
Re-launch sees vast increase in instructions through the platform. Nearly a fifth of brokers have only registered since the re-launch in recognition of instant, accurate quoting. LMS also sees number of registered law firms increase in same period
LMS, the UK’s leading conveyancer and panel management specialist, today announces the success of its latest innovations to its SELECT platform. Since the product’s re-launch in December 2021, less than six months ago, LMS has seen a 60% increase in instructions through the platform as brokers are keen to take advantage of the competitive pricing and quick, efficient quotes along with the Uinsure integration that has made providing a general insurance quote a seamless and efficient experience.
As a result of such a vastly improved process, over 25 broker networks now utilise SELECT to meet their conveyancing needs, with nearly a fifth (17%) having only registered since the re-launch. They have done so as a result of the fact that it 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 as they recognise the value it brings in giving them the chance to provide competitive quotes to brokers and lenders in a way that is simple, efficient and relatively admin-free. New firms include ProConveyancing, Bell Lamb and Joynson and Ronald Fletcher Baker, and they join LMS’ well-established panel of law firms that already included Read Roper and ONP Group.
To build on this success, 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 LMS’s own user interface. This is yet further proof of LMS’ commitment to the provision of technology that drives cross industry collaboration in the name of improving the efficiency and quality of the mortgaging process.
Travis Scholes, Commercial Director at LMS, comments:
“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.”
Tony Field, Sales Director at Dynamo, a large national brokerage that launched with SELECT earlier this year, adds:
“The new features and integrations on SELECT have provided us with the confidence to roll the platform out to all of our brokers. It’s been great working with LMS over the past few months and SELECT really is as quick and easy as they say it is! The launch was seamless and we are receiving great feedback from the network.”