Vic Settlement Statements

[DXC_ns]

Good Afternoon PEXA,

We've had a question regarding Vic Settlement Statements.

For Vic Purchases this Settlement Statement document is a one document fits all and just wanting to know, where a settlement is via PEXA,  is this document being uploaded to PEXA to the document hub and does the Lender need to obtain it? We've had no feedback from our teams advising that we've seen one loaded.

There is no mention of this Settlement Statement that I could see in the Transfer Guidelines material.

Any information would be appreciated.

Thanks

DXC_ns

[TJ]

Hi @DXC_ns

Good question!

As the details historically included in a Settlement Statement are signed off as part of the Financial Settlement Schedule within a PEXA workspace (which details where the funds are coming from and where the funds are going to) – there’s no longer a need to prepare a separate Settlement Statement.

Thankfully you can breathe a sigh of relief and recoup some of that time.

[DXC_ns]

Excellent TJ thanks for the feedback.