LPA Exchange
Fully customisable distribution of instructions
Asset Management Services

allowing lenders to instruct a panel of
LPA Receivers.

xit2’s LPA Exchange is a secure web-based workflow system that helps mortgage lenders manage receivers during the LPA Receivership process - from the initial instruction to full possession.

Once it has distributed work to individual LPA receivers (based on a series of pre-agreed allocation rules) the LPA Exchange monitors the progress receivers are making with each instruction - without the need for constant phone calls and emails between the parties. 

The LPA Exchange also provides lenders with a full audit trail of case history.

The LPA Exchange can even help lenders and receivers with their accounting. 

It can control the invoicing and quotation processes for maintaining the property as well as calculating how much a lender owes all its receivers every month so the lender knows how much it is going to get billed – and automatically generates monthly invoices on behalf of individual receivers. 

The lender pays the total invoice and xit2’s electronic invoicing system does the rest – paying receivers their individual fees.
Connecting lenders to receivers

xit2 Limited, EDM House, Village Way, Wolverhampton WV14 0UJ    Tel: 01902 406200
Copyright © 2014 Xit2 Limited is registered in England & Wales with company number 1193648
Registered office:  EDM Group Limited, 4th Floor, Queens House, 8-9 Queen Street, London EC4N 1SP
EDM Group is one of the UK’s largest information management providers. We combine business expertise with innovative technology and robust outsourcing capabilities to help leading organisations improve their performance.