About DMc

DMc · ‎24-07-2017

DMc · ‎24-07-2017

@EmilyBilling wrote: PEXA Release 6.1 is now live! Read all details in the Release notes here. In this release, PEXA introduces the ability to: Process a new National Mortgage form in NSW, QLD, SA and WA. Transfer CT control via the Transfer of CT document Flag a workspace as being associated to a commercial transaction, assisting financial institutions to route and complete work relevant to their business unit. Select more than one title when sending an invitation Marking conversations as read [updated 28 June] Merely for context, since this reply to above post was moved here: If the opened conversations may be marked 'unread' by the receiver or at least flagged to 'follow-up'? This would be handy, even by the sender, since on opening a conversation doesn't necessarily mean it has been read/understood by the right person, and the 'follow-up' with priority might serve for handy action reminder tags!?!! ;)

DMc · ‎24-07-2017

@EmilyBilling wrote: PEXA Release 6.1 is now live! Read all details in the Release notes here. In this release, PEXA introduces the ability to: Process a new National Mortgage form in NSW, QLD, SA and WA. Transfer CT control via the Transfer of CT document Flag a workspace as being associated to a commercial transaction, assisting financial institutions to route and complete work relevant to their business unit. Select more than one title when sending an invitation Marking conversations as read [updated 28 June] Merely to clarify: if the bank flags this a 'Commercial transaction' would that possibly impact the Revenue Online Duty assessment where the property is dutiable/assessed at the 'Residential' or 'First Home Buyer' rate?

DMc · ‎24-07-2017

For the benefit of any others in this situation; A while ago I had some neighbors that decided to buy each other's house; one to downsize the other to up-size. But despite being able to link up to 10 linked chain settlements, I discovered that you could NOT link the same 2 PEXA workspaces to each other. In this circumstance, on the advice of @AngellaC & also @FionaR, I had to pick the higher sale price property to create proceeds (destination) link that to the other so that I could merely transfer the financial difference across to the smaller priced settlement.

DMc · ‎24-07-2017

Any tips to fix it, since ATM I can't force another party to abandon W/Space, nor reply to an invite, nor revoke an invite :|?

DMc · ‎18-07-2017

Yes, it is still happening

DMc · ‎18-07-2017

Just letting you know, I had one of those unregistered ‘nil debt loans’ week before last. When the bank was called to ‘please explain by their customer’, on the same day that the seller was informed of the Mortgage still being registered on title, by that afternoon (after recommending PEXA to banker liaison) it had been completely discharged. They then called to confirm it had been done and Thanked me for informing them of the PEXA possibility! ;)

DMc · ‎04-07-2017

Why would Dashboard show action number but nothing inside?

DMc · ‎28-06-2017

Hi @MarcusLiley You can, no DOB:- if they are a company ;) @MarcusLiley wrote: Hi all I'd like to open a Workspace (and sent invites) before identifying client and/or obtaining CA. Date of birth seems to be a required field to create my party/ies. Any way around this?

DMc · ‎27-06-2017

Need to use the updated -if applicable 'Subscriber Reference' in the outstanding Task area - especially where (PEXA connected) csv opening of workspace seems to default to file number rather than file/matter description. TA

DMc · ‎27-06-2017

Just a heads up at least for Bankwest Trust accounts, it seems to match the shortened account name used from your online Banking Account name profile...

DMc · ‎21-06-2017

My query is; Why does the 'PEXA Connected' CSV upload require the DOB for the participant(s) to successfully upload, but then the DOB is not completed for you even though you represent that party..?

DMc · ‎16-06-2017

Hi @BrettCS If the Buyers Subscriber marked those checkboxes as completed/un would it possibly be marked as completed/un on the Seller subscriber side? if so that would be dangerous for either side to rely on... #jusstsaying ;)

DMc · ‎16-06-2017

How is this the incoming proprietor's subscribers role? at least in WA by even asking the other subscriber if they had done/followed that up this might cause some umbrage since it is not even the Sellers Subscriber role to supply it to lender, merely to remind the Seller client that it needs to be done &/ copy for their file if lender claims it as lost/un-received.

DMc · ‎14-06-2017

Thanks Emily Is there anything addressing concerns specifically for the digital/online wary folk?

DMc · ‎14-06-2017

Scenario borrowed from another forum... "I have an overdue settlement and our last day of grace is Monday. It's a Pexa settlement and because it's a public holiday in the eastern states we can't settle until Tuesday. The sellers bank is ready and could probably load up the payout figure for Tuesday, today. The seller wants to charge Delay Interest. Since we will be one day over our grace period and the delay is no fault of the seller, can they charge DI regardless of the fact that Monday is a public holiday in the Eastern States? Opinions appreciated." Suggest making NATIONAL PUBLIC HOLIDAYS! ;)

DMc · ‎14-06-2017

Had a digital wary customer today refuse to consider the PEXA option. They seemed to infer that by being 'online' meant they would unnecessarily exposed them to cyber-crime and repercussion's Thus would be forced to buy Title Insurance in case of cyber-fraud etc... They would not listen to the favorable points I raised, however, if they had some material under their nose they might actually read/consider it. ;)

DMc · ‎14-06-2017

Any chance they could also be posted on the dashboard, & here in this community, & also on the main PEXA pricing page (www.pexa.com.au/transfers#pricing-transfers)

DMc · ‎14-06-2017

Hi Brett part of the problem is the receipt of email being filetered/scanned/email rules etc... It maybe better to have an live chat style message/notification system within the PEXA portal at least for important notices, maybe even optional SMS- for important message/notices, - just my 2 bob! ;)

DMc · ‎14-06-2017

Hi Brett My real concern is that by being unable to select both titles on the invite, it leaves room for misinformation on the transaction, while imposing the additional requirement to ensure follow-up conversation(s) and notes merely to clarify...

DMc · ‎13-06-2017

if you try to invite the same mortagee for the second/additional title reference shows error message " A participant cannot be invited multiple times in the same role."

DMc · ‎09-06-2017

Would really like to see User/subscriber reference when creating a party, along with a back & would be nice to add additional/next party button, towards easier workflow. Would be also nice to have; the Date of birth year entry understand that by entering the year as '54' means '1954' since it would unlikely not be any other century. ;) Address entry to guess suburb as you type, similar to SettsPlus and Google etc...

DMc · ‎01-06-2017

In the paper world, we attach a letter asking Landgate to remove the expired covenant. But seems to be no place in PEXA to ask that be done with the transfer registration. Am being told to revert to manual. Otherwise need to prepare and pay for an application to remove expired covenant.

DMc · ‎01-06-2017

Maybe best to go one better and supply the download of all document with the successful signing. :)

DMc · ‎01-06-2017

Suggest to add a 'back' to workspace button along with viewable reference button. on the document sign page. Please add 'download all' documents here too. :)

DMc · ‎01-06-2017

As when the user/subscriber goes to sign Documnents and also view from there the user reference is not visible. Please to prevent misfiling & possibly worse mis-signing. Would also like better workflow when viewing the same document; suggest tree view of current position at least add a forward/next document button. Thanks :)

DMc · ‎29-05-2017

Is there some way to tell/schedule Revenue Online to issue a certificate (number at least) towards progressing any PEXA dealing for the following month? Whilst not mucking up your End of month ROL return!???? Particularly painful being unable to progress those settlements due on the 1st of the month. Also creates an ROL rush on the 1st of each month, (which potentially could be avoided by ROL accepting a nominated/schedule Settlement Date). The logical answer would be that PEXA could accept the ROL Bundle ID instead of insisting on using the Certificate Number... Surely PEXA could obtain the Certificate Number as soon as they are generated!!???

DMc · ‎01-05-2017

What about in WA?

DMc · ‎30-03-2017

From what I understand, I think the above happened since the lodging party did NOT check they had everything at settlement... like with manual settlement, If a Discharge lender rocks up "with-out their Discharge of Mortgage nor it's registration fee" but still collects their payout. - at which point the discerning lodging party with a current Title Search in hand would usually stop settlement till everything is on order. However, I also was led to believe that since something so simple (Which could be prepared & signed digitally in seconds) could easily be flagged to stop the settlement progressing towards READY-READY. I also would have thought this awesome & efficient system could have easily prevented something like that being able to happen! Reason to ensure ALL users are trained on the limits of PEXA. Please ask ELNO (PEXA) to continue work on improvements to easily prevent this sort of thing happening!! Suggest making the current title search & TAC visible to the lodging party; to check before signoff, Simple flag on any missing item (unless that Title item is also flagged as remaining on the transfer: i.e. subject to claim caveats) should then prevent settlement going to Ready-Ready.

DMc · ‎29-03-2017

Received this warning, am wondering if anyone else has come across this? E-conveyancing & Requisition Notices AICWA has been contacted by a member who recently received a Requisition Notice from Landgate in relation to a settlement in PEXA. This was a standard Discharge/Transfer/Mortgage transaction with separate parties representing buyer, seller and their banks. Landgate issued Requisition because the discharging bank (whilst they accepted PEXA invitation & received payout figure from ‘destination’ line item they created in Financial Settlement Schedule) they failed to create/sign an electronic Discharge of Mortgage document. This was overlooked by both the buyer’s conveyancer & the Incoming Mortgagee. PEXA’s Service Charter states that the Lodgement Verification checks to ensure that documents can be lodged (at Landgate). It is important to note that this is a check of individual documents (not a verification of the lodgement case as a whole). PEXA does not check that the participants have created all documents that are required to convey clear title. PEXA have advised that it is ultimately the responsibility of the parties involved to ensure the documents and lodgement case being submitted to the land registry are complete and correct. However PEXA are now in discussions with Landgate about the potential for at least a “Warning” message to appear in such a situation. In summary, AICWA strongly recommends that prior to signing the Lodgement Instructions members ensure that ALL documents required to convey clear title are created, signed & listed in the Lodgement Instructions. This is obviously an essential step when acting for a “cash purchaser”.

About DMc

Happy B-Day PEXA Community!

Re: Release 6.1 is now Live!

Re: Release 6.1 is now Live!

House Swap for neighbors - can only link the one F...

Re: Invitation notes

Re: Invitation notes

Nil debt loan was blocking Settlement

Re: Invitation notes

Re: Can i create a party without date of birth?

Re: Please show User/subscriber reference whilst s...

Re: Verifying your Trust Account

Re: Can i create a party without date of birth?

Re: Why does PEXA present the incoming proprietor/...

Why does PEXA present the incoming proprietor/Buye...

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Re: Multiple title single workspace - unable to in...

Multiple title single workspace - unable to invite...

Re: Parties

How do I tell Landgate to remove expired covenants...

Re: Please show User/subscriber reference whilst s...

Re: Please show User/subscriber reference whilst s...

Please show User/subscriber reference whilst signi...

ROL certificate Number towards making a PEXA W-S c...

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Re: E-conveyancing & Requisition Notices

E-conveyancing & Requisition Notices