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InfoTrack eCos Onboarding being used by my solicitor

SandyN21 · 2024-04-10 07:37:56

It's been over 30 years since buying a house and I'm now in the process of buying my flat. My solicitor tells me that their firm has switched to the online 'InfoTrack eCos Onboarding' system which is to verify my ID, proof of address and source of funds. Has anyone else used this system and is it used to pay the deposit…

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maxmycardagain Posts: 5,852 Forumite

1 August at 10:33PM

EssexHebridean said:

I'm not aware of Infotrack currently having any systems set up for handling client money, so I would be very surprised if funds went through it.

The reason why a lot of firms are now going through third party organisations for the initial onboarding checks is that so much is now required, some of it specialist, and an awful lot of Professional Indemnity Insurers are now insisting things are done this way. It's not necessarily that firms would opt to do things that way if they had the choice about it!

And I guess, as with car insurance accident claims, another layer of admin fees for someone

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InfoTrack eCos Onboarding being used by my solicitor

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