05-03-2021 02:31 PM - edited 05-03-2021 02:32 PM
As you many of you would now be aware, PEXA is in the process of implementing an Enhanced Settlement Summary (ESS) within the Financial Settlement Schedule. The ESS has been developed in response to member feedback and, provides a more intuitive experience for practitioners and financial institutions.
Together with Team NSW, I hosted an ESS webinar series last year to ensure that practitioners are well trained on the ESS prior to launch. You will only see the ESS in your workspaces if you are a pilot practitioner, and the other parties within the workspace are also pilot practitioners. If you are yet to see the ESS and are interested in being involved in the pilot prior to launch, please reach out to your PEXA Partner, or our support team on 1300 084 515 to discuss.
You can find out more about the ESS:
ESS Top Tips and Insights
There are some steps that you can take within your workspace to make sure that you are getting the most of the ESS, as follows:
Proprietor on Title
Our pilot practitioners are eagerly awaiting the launch of the ESS. Mandi Smith, of STC Legal has said that:
“The enhanced Financial Settlement Summary provides an actual and easy summary of the financials, which is clear and concise to read and understand.”