The Linked Financial Settlement screen on the Settlement tab is undergoing some functional changes.
We have simplified the interface by removing some redundant information such as ‘Settlement Type’, while introducing some new useful features to make it easier to navigate between Workspaces.
Furthermore, indicators in red will clearly show whether all Workspaces in the linked settlement chain are aligned or not, reducing the effort and guess work members may need to go through to complete outstanding tasks.
We’re pleased to announce that in Mid-March, the Ready To Book feature will be available when you’re in a Refinance Workspace in the workspace roles of Mortgagee on Title and Incoming Mortgagee.
The feature will be launched through a selected pilot only. The introduction of the new Ready To Book Settlement booking process aims to improve the operational efficiency of Refinance matters by removing wastage and improving the likelihood of Refinance Settlements settling on time.
As a practitioner or bank participating in the Ready To Book pilot, you can set up your Refinance Lead Time Preferences to allow some lead time prior to PEXA automatically booking in Settlement for your Refinance Workspace. These Refinance Lead Time Preferences are configurable for both Incoming Mortgagee and Mortgagee on Title roles, and are located in the Manage Subscriber Details screen.
For information on how to alter your Refinance Lead Time Preferences settings and other Refinance - Ready To Book features, please see the following article:
To help Incoming Proprietors stay informed (yes, we’ve heard your feedback!), we’ll notify you whenever the Incoming Mortgagee creates or updates a loan proceed line item. Expect to receive an email and see an on-screen notification in your Workspace when a loan proceeds line item has changed.
We've made the Join Workspace invitation process more efficient and simpler. Now, when there is a pending invitation and users click on ‘View Invitation’, they’ll be directly taken to the invitation where they can Accept, Decline or Forward.
Currently, the Principal Non-FI (PNFI) subscribers in the role of Proprietor on Title (POT) and Incoming Proprietor (IP) roles have an option for "Customer Account" when creating a destination line item.
In R15.1.1, we’re extending this option to PNFI subscribers in the role of Caveator on Title (COT). This means that Caveators on Title can now add Customer Accounts in the Financial Settlement Schedule via Destinations > Other > Customer Account.