The GW Due Diligence Kit for brokers
The current focus on due diligence and regulatory compliance across the mortgage industry has rarely been more intense.
Continued efforts to combat episodes of fraud, lenders tightening their panel selection criteria and a number of high profile business failures have created an environment where brokers and other intermediaries face increasing pressure to exercise a duty of care when referring clients to legal service providers.
While we all agree that due diligence is key to maintaining confidence in our industry, what does it actually mean for brokers? What tests should you apply and how should you go about it?
At Goldsmith Williams, we understand it can be a complex and confusing process for many brokers who are keen to ensure they are working with reputable, professional firms, but perhaps don't know where to start.
That's why we've launched the Goldsmith Williams Due Diligence Kit - DDK - a pack you can download that means you don't have to spend your valuable time worrying about compliance.
The kit provides a comprehensive, easy-to-follow dossier of what all brokers should verify when making a referral to any legal services firm, which you can insert into your client file.
What’s more, if you have already referred a case to Goldsmith Williams and that transaction is still ongoing, you can access our ready-prepared DDK materials, making business with Goldsmith Williams even easier.
If you have any questions concerning the pack please email mrodman@goldsmithwilliams.co.uk