PEXA has announced a strategic collaboration with the conveyancing firm, Muve.
The partnership, which aims to support the modernisation of the conveyancing process, will see Muve use the property exchange platform for some of its client completions.
The conveyancing firm will also look to enhance its customer and referrer journeys and explore how it could integrate with law firm systems to deliver secure processes for the customer.
The collaboration is set to explore the risk reduction opportunities afforded by PEXA, as well as possible reductions in associated insurance costs.
The existing partnership between PEXA and Muve helped to launch the platform’s remortgage proposition in 2022, which completed its first digital property transaction in June.
PEXA also launched its full proposition last month, adding its sale and purchase capability to its existing remortgage platform
UK chief executive officer at PEXA, Joe Pepper, said: “Muve has a track record of supporting industry innovation, and its early support has been instrumental in our successful growth in the UK market. This deepened partnership feels like a natural next step for both of us. We share the same commitment to modernising the conveyancing process, and unlocking the potential that digitisation brings.
"As we rollout our full proposition following the launch of our sale and purchase product, we aim to set new standards for efficiency and transparency in the property transaction process, and it will be a pleasure to work with David and his team as we do so.”
Founder and CEO at Muve, David Jabbari, added: "PEXA is a serious force for transformation of outmoded practices in the conveyancing process. We are deeply aligned with PEXA on digital transformation, and this is why we have been close to PEXA from their very first steps into the UK market.
"Building on our strong foundations together, and the close working relationship with Joe and his team, I firmly believe that this deepened collaboration will not only deliver significant benefits for our clients and partners, but it will also provide valuable insights into how digital settlement can drive real improvements across the industry."
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