Auction engine
Bidder registration & approval
Identity, funding and deposit checked before a single bid is accepted.
Used by: Bidders and staff
Kestrel Platform — Registrations · Lot 1Agent
| Bidder | Funding | ID | Terms | Status |
|---|---|---|---|---|
| 118 — F. Reilly | Cash — proof supplied | Verified | Accepted 2 Sep | Approved |
| 121 — M. Grady | Mortgage AIP | Verified | Accepted 3 Sep | Approved |
| — K. Whelan | Mortgage AIP | Awaiting | Accepted 5 Sep | Info requested |
| — Northmoor Capital | Cash | Verified | Not accepted | Pending |
How this works
Registers bidders for a lot, collects identification and proof of funds, records terms acceptance and issues a bidder number once approved.
Who uses it
Bidders · Auction administrator
Step by step
- 1The bidder completes registration for a lot: contact details, solicitor, funding position and bidding limit.
- 2Identification and proof of funds are uploaded, and auction terms plus the legal pack must be accepted.
- 3A deposit authorisation is recorded where the sale requires it.
- 4Staff review and approve or decline; approval issues a unique bidder number used publicly instead of the bidder's name.
- 5Registration closes automatically at the published deadline.
Data captured
- Registration record with funding position and bidding limit
- Identification and proof-of-funds documents
- Terms and document acceptance timestamps, deposit authorisation, issued bidder number
Emails it sends automatically
- Registration received
- Approved with bidder number
- Declined or more information needed
- Registration closing reminder
Why it matters commercially
Anti-money-laundering and terms evidence collected as a matter of course, not chased afterwards.
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