e-ROT is the only dedicated online Report On Title software bringing increased protection, consistency and efficiency to building the most important - yet tedious and time-consuming - document in a purchase transaction.
The ROT is the most time consuming and important document in the conveyancing process. Our research reveals solicitors typically can spend just shy of an hour creating a Report on Title. Using our eROT you'll be finished in as little time as 12 or 20 minutes depending on whether the tenure is leasehold or freehold.
Firms find that they do not update their templates as frequently as needed when it comes to new areas of risk or emerging areas of concern, such as Fraud, CML Handbook Updates, Green Deal advice, Solar Panels and more.
This is a primarily a pay-as-you-report service. Some search providers, as well as integrating with the service, neutralise the costs by absorbing it within their search bundle.
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For many firms the current process of drafting a Report on Title is inefficient as it involves a duplication of work — papers are received to raise enquiries with the vendor's lawyers and then again to prepare the Report on Title. Such duplication is avoided with eROT
It's not unusual for lawyers in a firm to use different precedents. Even if an individual lawyer builds a bespoke paragraph, it is not necessarily saved centrally or shared with other lawyers within the firm
With many legal experts making suggestions every month based on the unique cases we have built a many optional paragraphs, sections and report types for lawyers to pick from. Firms benefit from being able to improve their own precedent from a deep pool of knowledge.
Best practice now dictates that lawyers should report to the client as the paperwork comes in. This is now reflected in the CQS: "Report to the buyer on the documentation received...Do not wait for all documentation to be received before reporting to the buyer."
E-ROT enables you to efficiently generate provisional reports on a piecemeal basis.
Optional upgrade service utilising Lexsure analytics. Historic and current data is embedded in a consumer-friendly way (via graphs and tables) explaining existing and future mortgageability of the property based on defects/concerns identified during the due-diligenceprocess. Examples include : leases with less than 90 years remaining, ground rent RPI reviews.
Due to the time it takes to prepare a manual Report on Title.Lawyers often struggle to find the time to prepare this key document, which can result in a delay of the transaction.
An increasing number of search providers are offering integrated solutions with e-ROT. Depending on your provider, once you order your searches, data can be taken across to automatically set up the case on e-ROT with information on the case pre-populated.