e4 Strategic has launched anew digital workflow management platform, VERSA, which aims to improve efficiency in the conveyancing process.

The platform has been developed in the UK by the digital solution provider over the past four years, in collaboration with mortgage and conveyancing experts.

VERSA delivers a fully digital workflow that securely connects, in real time, with lenders with conveyancers and other key parties throughout the homebuying and remortgage processes.

It provides a full suite of products that digitise the offer-to-completion, including milestone-driven intelligent workflows and case tracking, secure real-time communication between parties and first-to-market query solutions with intelligent automation.

e4 Strategic stated that by using VERSA, lenders and conveyancers can expect "significant direct cost savings, faster transaction times and much easier management of their panels".

Chief executive officer at e4 Strategic, Simon Slater, said: "For years, the industry has been talking about end-to-end digitisation of the mortgage process - and whilst great strides have been made up to the offer stage, the experience from offer through to completion is still far too slow, too manual, and too opaque. That’s what we at e4 set out to address.

"With VERSA, we’re empowering lenders and conveyancers by providing a digital platform to make their working lives easier; we are giving them the tools they need to improve transaction times, reduce their overheads and mitigate risk, as well as deliver a far better experience to their clients and customers.

"VERSA is not tweaking with what’s already there. Instead it takes a clean-slate approach with expert input from leading mortgage lenders, conveyancers and a range of technology partners, to deliver a platform that will address the genuine needs of the profession, clients and customers."

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