To lodge the NMF in PEXA a paper NMF will also have to had been created and signed. It would be great if PEXA built the functionality to prepare the paper NMF within PEXA as well. Why? Because of MPR 6.13.1(a) and certification 5(b). Creating a paper NMF outside of PEXA and another within PEXA is what is happening in practice. There is still scope for human error to inadvertently create differences between the two (for example a title ref might be wrong in the paper NMF or a word deleted in the additional terms and conditions).
If an identical NMF that is to be signed in the paper world (ie with execution clauses) could be created in the same workspace in which you create the PEXA NMF (and which pulls the same title information etc) that would eliminate mismatches. Is there any thoughts on building that functionality (or does it exist already)?
Great feedback. That's a good idea. We currently don't have the functionality to create the paper National Mortgage form within a PEXA workspace. I like this idea as it would definitely help ensure consistency with information in both forms, and help reduce any human error resulting in differences between the two (for example a title ref might be wrong in the paper NMF or a word deleted in the additional terms and conditions).
I have forwarded this through to our product team for review and we'll provide you with an update if further discussions occur.