Movera backs AI-powered conveyancing tool Mortgage Finance Gazette

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Movera has made a strategic investment into Collaborative Conveyancing to further develop its artificial intelligence-powered enquiry tool.

Movera owns brands including LMS, ONP Solicitors and Cavendish Legal Group, while Collaborative Conveyancing has built an enquiry manager tool that uses AI to help manage client queries in the run up to a property sale.

The tool, which will be rolled out across Movera’s conveyancing brands, extracts information from emails and attachments and inputs them into the system so that it is all tracked and stored on file.

The companies say the technology has the potential to take weeks off transaction times as well as reducing errors.

Movera chief executive Nick Hale says: “We are dedicated to improving and speeding up the home buying and selling process through digital innovation.

“Our investment in, and partnership with, Collaborative Conveyancing is yet another step we are taking to help achieve this.

“We believe that digital innovation and automation are key to enhancing customer experiences and streamlining processes.

“The use of Enquiry Manager will enable our property lawyers to spend more time focused on what they do best: providing the technical support and guidance for clients, creating experiences that are digital when they can be, and personal when they need to be.”

Collaborative Conveyancing co-founder Chris Harris says: “Enquiries have been on the lips of conveyancers for a number of years now.

“I am delighted that we have joined forces with LMS and Movera at this crucial time to offer an automated and measurable solution to the way enquiries are raised and responded to.

“We invite conveyancers to show us how they deal with enquiries at present to collaboratively work with them to improve current processes and systems to benefit the property market as a whole.”