ULS Technology develops Legal & General Mortgage Club platform

Provider of online B2B platforms for the UK conveyancing and financial intermediary markets, ULS Technology, announces the launch of a new conveyancing service on Wednesday, developed exclusively for Lloyds Banking Group to launch with Legal & General Mortgage Club.

The AIM-traded firm said the ‘Club’ is the UK's largest mortgage distributor to professional financial advisers.

It said the platform was built using the company's proprietary eConveyancer technology under the Legal & General brand, which Legal & General will promote to all of the club's members, which in 2015 originated £46bn of new mortgages from 6,000 advisors.

By using the platform, members of the club will be able to choose from a nationwide panel of more than 200 solicitor firms, allowing them to compare the options based on price, location and rating.

The company’s board said the panel providers will be reviewed and regularly monitored under “rigorous service standards” to ensure peace of mind for consumers.

“We are benefitting from increasing levels of traction thanks to our ability to tailor innovative products for our clients,” said ULS CEO Ben Thompson.

“Ultimately our proprietary platforms benefit end users putting power into the hands of consumers in a market where traditionally they had little choice.

“We are delighted that our services will be available to Legal & General Mortgage Club.”