Conveyancing software operator Smoove has been chosen by Nottingham Building Society as its partner for panel management services.

The Nottingham, one of the UK’s largest mutual building societies, already has a partnership with Optima Legal, the conveyancing firm which – like Smoove – is owned by PEXA.

PEXA says it’s seen “significant progress” on its strategic partnerships with NatWest and Metro Bank to drive efficiencies in their customer experience. 

It’s also involved with the Future Property Transactions Group, an initiative to improve collaboration between stakeholders in the property market. 

The implementation of PEXA Pay, a deferred net settlement payment system dedicated to property transactions, haas now onboarded Hinckley and Rugby Building Society and Shawbrook Bank, and a further nine lenders having tested the payment scheme.

Paul Saunders, director of lender services at Smoove, says: “Our panel management service is designed to help lenders improve their risk profile and facilitate the transmission of documents to conveyancers securely through Smoove’s Connect Portal. Everything we do is aimed at making the property process better and more efficient for all and we look forward to delivering this vision for Nottingham and hope to keep building on our important work with them.”

And Praven Subbramoney, chief lending officer at Nottingham Building Society, adds: “We wanted to find a partner that helped us execute a much smoother, seamless process for our panel firms and brokers – our mission is always to deliver the best possible process for our borrowers. Smoove works closely with Optima Legal, who we already work with, so they were always an option, but the reality is we chose them because our visions for the property market align so closely. We have already seen the positive benefits and look forward to seeing what’s to come in 2025.”