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CQS Developments

CQS Developments. Peter Rodd CQS Technical Panel. Why we set up CQS. The Society launched CQS with three objectives in mind:

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CQS Developments

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  1. CQS Developments Peter Rodd CQS Technical Panel

  2. Why we set up CQS The Society launched CQS with three objectives in mind: Firstly, to build, over time, a consumer brand that educated house buyers to seek out solicitors firms who were accredited under the scheme as a the natural choice of conveyancer at a time when regulatory changes were leading to a plethora of new entrants to the market. Secondly, to establish a trusted community of conveyancers that would be the natural choice of lenders. Thirdly, it recognises minimum standards of practice. Through the use of agreed documentation, common procedures and education CQS facilitates improvements in the process for lenders, borrowers and solicitors.

  3. CQS Update - Membership Now into its third year of operation: We have over 2,800 members With a further 2,400 branches

  4. CQS Update – Conveyancing portal Portal concept developed to be key benefit and add value to CQS firms Will have capability that will support all residential conveyancing market activity Functionality maps to conveyancing protocol to ensure quality and consistency Vision to be the “go-to hub” for conveyancing solicitors and clients driving traffic and support commercialisation

  5. CQS Update – Conveyancing portal Objectives and Benefits Supporting profession into digital age at pace suitable for firms of all sizes and their business models Provide platform for transformational change Secure deal room to automate exchange process Enabling improvements in client service through automating key areas Enhancing the reputation of the profession with key stakeholder through evidencing compliance

  6. CQS Update – Conveyancing portal Benefits for firms cost effective access to robust and secure ICT without investment essential business tool enabling streamlining and efficiencies/cost savings facilitating regulatory and risk compliance drives new business and profitability Interface with other checks/stakeholders ( AML, TLR etc ) Forms on line

  7. CQS Update – Conveyancing portal Benefits for clients Improved customer service/quality and transparency Access to legal services through secure online channel Improved interaction online/ forms/tracking etc

  8. CQS Update – Conveyancing portal Benefits for stakeholders Improved and consistent process Improved access and potential integration Potential for panel management Improved access to lenders

  9. CQS Update – Conveyancing portal Firm to firm functionality For a specific transaction, ability to set up a secure transactions area (Deal Room) between 2 conveyancers “Handshake” between conveyancers to ensure both identified as solicitors/CQS members/trusted community Document and Records Management capabilities including version control Task Management and Alerting Workflow check lists Firms confirm when they are content with Contract document – Facilitate exchange within secure deal room

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