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4 weeks ago
1 like
I gather if we have more than 20 titles on a mortgage and have to create two mortgage documents in Pexa, mortgages will incur two sets of fees and will register with two registration numbers is that correct?
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25-06-2019
05:03 PM
3 Likes
Pexa makes our lives so much easier with being able to lodge paid in full discharges of mortgages instantly without having to send paper instructions to an agent to lodge and being able to organise settlements via Pexa again without the paper trail.
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18-12-2017
11:13 AM
1 like
@SusanH wrote: Hi, Just wondering what the industry standard is for authority to transfer ECT Control. For instance the bank has discharged their mortgage but as the title is eCT, the bank retains control of the clear eCT. To transfer control to the customer's solicitor is a letter from the solicitor acceptable or do we need authority from the customer with identify confirmed under the verification of identity standards? Yes, this seems very cumbersome especially as we are trying to move to the electronic world. In other States we don't have to remain ECT controller on lear titles and there doesn't seem to be an issue with fraud. It makes it very difficult to have so many different rules for different States.
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14-12-2017
04:33 PM
Hi, Just wondering what the industry standard is for authority to transfer ECT Control. For instance the bank has discharged their mortgage but as the title is eCT, the bank retains control of the clear eCT. To transfer control to the customer's solicitor is a letter from the solicitor acceptable or do we need authority from the customer with identify confirmed under the verification of identity standards?
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13-12-2017
04:13 PM
Hi, Just wondering what the industry standard is for authority to transfer ECT Control. For instance the bank has discharged their mortgage but as the title is eCT, the bank retains control of the clear eCT. To transfer control to the customer's solicitor is a letter from the solicitor acceptable or do we need authority from the customer with identify confirmed under the verification of identity standards?
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03-11-2016
01:22 PM
1 like
Further to my first post, I have just created the workspace and have realised that I could invite the CBA to participate as the CT Controller without having to change the workspace to a "financial settlement" matter.
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03-11-2016
01:03 PM
We currently have a matter where we are 2nd mortgagee and need to lodge a standalone discharge of mortgage. As this title should now be electronic, do we still need to invite the CBA to nominate the title to the lodgement and if so does this mean we will have to change the workspace to a "financial settlement required" workspace to be able to issue the invitation?
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06-10-2016
04:35 PM
Yes there will be an incoming mortgagee on all the titles. The issue is the FSS. They system doesn't seem to like it if we don't place a payout figure in the 2nd workspace. As we only have one payout figure, do we have to put 50% of the payout amount in the first workspace and 50% in the 2nd workspace?
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06-10-2016
02:42 PM
We would not be lodging the discharges as they are part of the financial settlement. Does these mean we will have to split the payout figure even though it is only the one account?
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06-10-2016
01:50 PM
We currently have a financial settlement file with 3 titles, each with a different mortgage, but we only have the account ie one payout figure. Is there a way of creating the 2nd and 3rd workspace without having to complete the financial settlement statement page in the linked workspaces?
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06-10-2016
11:10 AM
1 like
We have been having issues with lodgement in the one workspace when multiple titles each have a different mortgage. Do we need to have separate workspaces when each title has there own mortgage no?
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