Driven by application programming interface (API) integrations, it provides real-time adviser and client status updates on any instruction, from any panel solicitor.
The conveyancing portal allocates adviser referrals through a performance-driven algorithm, which incentivises solicitors based on their performance, rather than solely solicitor capacity.
A Sesame spokesperson told Mortgage Solutions that its members have free access to the system, which is based on the time taken to update each milestone during the conveyancing transaction.
Each conveyancer adheres to strict service level agreements (SLAs) throughout.
The portal enables advisers to quote, instruct and stay updated at each step of the process, as a customer’s case progresses through to completion.
Aventria solution is a fixed cost for sale, purchase and remortgage and brokers can also see the performance of other panelled firms at that time if they wish to choose another.
Streamline conveyancing
Martin Schultheiss, group managing director at Sesame Bankhall Group, said the conveyancing technology would deliver the digital innovation needed to streamline this part of the mortgage process.
“Our new conveyancing solution gives our members access to a bespoke panel of service-focused solicitors across the UK, working to high standards and offering fixed costs to the customer,” he said.
Alan Young, chief commercial officer at Aventria, added: “I believe the conveyancing world has not evolved sufficiently in line with the innovation we are experiencing in other areas of the mortgage advice process.
“We’re dedicated to improving the home buying and selling process, utilising Aventria’s technology and solicitor integrations to create a more efficient and service-orientated conveyancing experience for customers.”
Lauren Bagley, head of strategy and business enablement at Sesame Bankhall Group, said: “Conveyancing is the glue that holds the mortgage transaction together, but that also means it has the potential to disrupt the whole mortgage process.
“It’s often the element that creates the most friction and frustration for advisers and their customers. The average time from offer to completion in England and Wales currently stands somewhere between 8 to 12 weeks, so there’s significant room for improvement.
“Aventria’s tech capability and API functionality makes our new partnership a good strategic fit, and will help us to deliver the future innovations our members need.”
Earlier this month, SBG and Aviva partnered in a £5m investment to create a ‘next-generation’ mortgage, protection and general insurance platform.
