ANZ have provided the following information and tips when completing a transfer as vendor or purchaser with them. Please let us know in the comments if this is helpful, and if there is further information you'd like added.
Transfer - Sale (Mortgagee on Title)
How to initiate a Sale Request
Please provide or advise the client to complete and send the completed Discharge Authority to ANZ.
A: via email: releasesdava@anz.com
B: Attach a copy of the Discharge Authority into the PEXA Workspace when invitation is sent or as soon as possible
PEXA Invitation Request
Preferred Settlement times: (AEST/AEDT)
Spread equally across the day
Settlement Date Acceptance
ANZ Payout Process
Note
Surplus Funds
Transfer - Purchase (Incoming Mortgagee)
How to initiate a Purchase request:
To avoid settlement delays please ensure an invitation request has been sent as soon as possible or at least 15 days prior to settlement and all the relevant customer information is provided up front.
Information required on a PEXA invitation:
When sending an invitation please include as much information about the customer/transaction as possible and as a minimum include the following:
Note: ANZ will accept all invitations by default and will request additional information via a conversation if a customer file cannot be located.
Preferred Settlement Times (AEST/AEDT)
Spread equally across the day
Transfer of Land (TOL)
Please ensure the TOL document is prepared as soon as possible, preferably at the time of workspace creation, or at least 5 business days prior to settlement
Funds Available for Settlement
ANZ will update source tab with loan funds available. This amount will include all financed fees applicable to the transaction. This amount is updated when all customer documents have been returned and all pre-settlement conditions have been met.
Note:
Total Funds Required for Settlement
Settlement Date Acceptance
The requested settlement date will not be accepted until all customer documents have been returned and all pre-settlement conditions have been met.
Where documents or pre-settlement conditions have not been received within 5 business days of settlement, ANZ may push the settlement date out.
Note: Please do not escalate for this date to be accepted unless you can see that the tick box for “Loan documents received from customer” has been ticked.
Stamp Duty Certification (VIC Only)
It is important for Stamp Duty to be certified at least one day prior to settlement. This will allow ANZ to complete any amendments required in their core systems external to PEXA. The settlement cannot be signed off on PEXA until this has occurred.
ANZ Loan Proceeds
Loan Proceeds will be finalized and confirmed by ANZ at least 2 hours prior to the scheduled settlement time unless otherwise indicated.
Note: Late receipt of documents and pre-settlement conditions can impact this timeframe
Shortfall of Funds
ANZ will confirm the shortfall amount via conversation upon completion of the funds required field.
Day of Settlement
Please have your documents and your adjustments on the financial settlement schedule finalized and signed at least 4 hours before settlement.
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