Kuflink has launched its own in-house legal department as part of its move towards a fully integrated service for introducers and their clients.
The lender believes the addition of an internal legal function will enhance operational speed, improve oversight, and enable deals to be completed faster.
Ranjit Narwal (pictured), head of origination at Kuflink, said: “Primarily, the time taken to complete deals will fall dramatically with the legal process embedded in the lending operation from the start.
“Secondly, bringing the legal oversight in house will bring tighter control to every legal touchpoint, enhancing risk management.
“Lastly, the in house legal team will bring a higher degree of professionalism to the lending process.”
While waiting for final approval to offer dual representation, Kuflink has set up a borrower legal panel to work closely with its legal department.
Borrowers using the panel service will benefit from streamlined processes and the panel’s familiarity with Kuflink’s requirements, which the lender says will be particularly valuable in competitive purchase situations or where auction deadlines are approaching.
