Nottingham Building Society (BS) has partnered with conveyancing software provider and PEXA Group business, Smoove, to "drive efficiency" for its panel management services.
Through the partnership, the society will benefit from Smoove’s lender panel management, which streamlines the process for the lender and improves the Nottingham’s risk management.
The Nottingham said that the partnership also "cements the existing relationship" it has with PEXA Group businesses, building on its existing partnership with the conveyancing firm owned by PEXA, Optima Legal.
The new partnership follows a "successful 2024" for Smoove, in which it said it continued to provide assistance to property market stakeholders, enabling them to provide a "seamless, professional and tailored service" to their customers.
Director of lender services at Smoove, Paul Saunders, said: "Our panel management service is designed to help lenders improve their risk profile and facilitate the transmission of documents to conveyancers securely through Smoove’s Connect Portal. Everything we do is aimed at making the property process better and more efficient for all and we look forward to delivering this vision for Nottingham and hope to keep building on our important work with them."
Chief lending officer at Nottingham BS, Praven Subbranmoney, added: "We wanted to find a partner that helped us execute a much smoother, seamless process for our panel firms and brokers – our mission is always to deliver the best possible process for our borrowers. Smoove works closely with Optima Legal, who we already work with, so they were always an option, but the reality is we chose them because our visions for the property market align so closely. We have already seen the positive benefits and look forward to seeing what’s to come in 2025."
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