UK Lenders have been looking to digitise the end-to-end mortgage journey for many years. At the Application to Offer stage, excellent progress has been made, whereas at the Offer to Completion, much work remains to be done. Connectivity between UK Lenders and most Conveyancing firms remains predominately manual and disconnected, with much of the transaction being processed in silos, with little sharing of critical data and information.
e4 is working with stakeholders and partners to automate and digitise key transaction management processes through delivering VERSA, its new Platform. VERSA offers a range of platform Products that digitise the entire end-to-end workflow process from offer to post-completion.
The Platform will be genuinely unique in the UK market. VERSA will differ from any existing conveyancing services focusing on pure "transaction management", providing a significantly improved journey for Lenders, Conveyancers, Consumers, and other Stakeholders.
VERSA will provide significant direct cost savings and numerous indirect benefits, including risk management and vastly improved conveyancer journeys and customer experiences.
VERSA will also link in any value-add partner technology to integrate with the Platform to create a complete platform 'ecosystem' over time.
100% Digital,
paperless process
Intelligent, milestone-driven workflow
Secure real-time
platform communication
Full API system integration
Data integration with
a range of 3rd parties
Digital document management
(+eSignatures & automated
validation)
01 Process Automation = Direct Cost Savings
02 Better User Experiences (Staff, Buyers, Brokers & EA's)
03 Workflow Management for Conveyancers
04 Visible, Transparent (Web/App Tracking)
05 Central Lender Document Management
06 Instant Automated Document Validation
07 Intangible Gains - Faster TATs, Secure Communication
08 Rich Data Sets (Upstream / Downstream)
09 BI Reports & Dashboards + Treasury Funding Requirements
10 Performance Management + Scorecards & Allocations
11 Digital Integrations HMLR, Searches, Insurance
12 Compliance / Goverance / Security / Risk Benefits
01 Highly Fragmented - Impossible to Control & Scale
02 Cost/ Efficiency Challenges - Manual, Paper Legacy Systems
03 Slow Turnaround Time - (Average of 12-16 weeks for purchase)
04 Conveyancing Panel - Performance Management
05 Pipeline / Cash Management - (No Views - 90 days)
06 Poor Risk Management - (Solicitor acts for both, often cautious & slow)
07 Lack of Visiblity - For All Stakeholders
08 Customer Experience - Overall Poor
With APIs to link in value-add partner technology, the Platform aims to provide significant efficiencies, cost savings and digital automation. We aim to deliver core digital solutions new to the market, complementing existing providers and creating a new 'ecosystem' with partner solutions over time.
