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National Mortgage Documents Overview

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National Mortgage Documents Overview
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  • Transactions
EmilyBilling
EmilyBilling Product Owner
Product Owner
‎31-05-2016 03:00 PM
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A National Mortgage document is a Land Registry instrument and is sometimes interchangeably referred to as a mortgage in PEXA.

 

It is created when a financial institution, holding an executed mortgage with a customer over a land title, wishes to register that new mortgage encumbrance on the land title. A mortgage document in a PEXA Workspace can be used for both standalone mortgages and new mortgages as a part of a Refinance process.

 

Only an Incoming Mortgagee can create a mortgage document in a PEXA workspace. The National Mortgage document is then created on the Document screen under Create Documents > Mortgage. All details for the selected mortgage are then entered in the National Mortgage screen.

 

For more information see > Create a National Mortgage Document. 

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