Couple of questions

[Frankied]

I have just started working at a bank and am really new to the whole PEXA system.  I just wanted to ask some questions thanks. 

1) How would you define what the “source funds” are in PEXA?

2) How does the “national mortgage” being created in PEXA relate to the whole system? Does it need to be created whenever a PEXA file is ready to book for settlement?

Thanks a lot,

Frank  

[CateBarnes · Accepted solution]

Hi Frank,

Welcome to the world of eConveyancing!  There is quite a lot of information contained here in the Community and on the PEXA YouTube channel, so feel free to have a browse to gain a better understanding of the eConveyancing process.  

To answer your questions, the source funds are your loan proceeds and the national mortgage document will need to be created where a mortgage is required to be lodged.

Thanks,

Cate

[Frankied]

Thanks heaps Cate appreciate it!