Transform Together - Banks and Practitioners unite in South Australia
To ensure the industry continues to transform together, a symposium at the Australian Institute of Conveyancing (SA Division) was held on Monday 30 October.
Driven by the participants involved, attending the session were representatives from Marshall Conveyancing, Eckermann Conveyancers, McKay Business Services, Bertram & Co, AIC SA and also delegates from Westpac, St. George and First Mortgage Services. What a passionate and highly motivated group of people!
The theme of the session was to transform together and increase the conversion rate for proactive transfer invitations as issued by a number of Banks in scenarios involving a transfer of land. It was great to see that the participants were supportive of this initiative and urged lenders to continue issuing invitations. Important outcomes of the day included:
The Industry needs a standard process for proactive invitations, including further details in the notes of invitations sent out
A PEXA team member following up on invitations is essential in the early phase
Transfer Guidelines should be updated to include proactive transfer invitations by Banks as an accepted standard
This is a great start, and we look forward to being better together to assist you all in transforming your industry as we roll these forums out across the country.
Special mention goes out to @MatthewGillet and @AvinaAl for their tireless work in supporting and driving this initiative across the country. You legends!