Just checking if its at all possible for the parties such as outgoing mortgagee (and perhaps vendor reps and purchaser reps) can sign off on the financials once all the destination accounts are set up but the incoming mortgagee hasn't yet put the money in so it doesn't balance yet?
Previously we've had to wait for the workspace to balance before we sign off but as an outgoing bank, wondered if we could do it before. Assuming it would not proceed to settlement until it was in ready ready mode and guessing if things get added or deleted we would have to resign.
Hi Sharron, As an Incoming Mortgagee we prefer all other parties to have loaded their FSS lines and signed the FSS before we load our Source. Under PEXA guidelines, signing of the FSS is meant to indicate, to all other Participants, that their figures are final. Given the Incoming Mortgagee is almost always the one who does the final FSS balance, we prefer to wait until all others have signed before we load our loan funds. So yes, I agree, Participants should sign as soon as their final figures are loaded. thanks
Any opinions are that of TheDoctor and not necessarily that of Westpac.