About Cam

Hi Tonya,   Thank you for raising your concern.   We measure guideline adherence and provide reporting into the major Financial Institutions on a weekly basis.   As per Guideline 18a within the Transfer Guidelines, the Mortgagee on Title should submit the final payout figure no later than 10am on settlement day. While financial institutions are always striving to improve performance, we can share that this metric is being adhered to in the majority of Workspaces. There is a concentrated effort to drive towards 100% in this space. You can read more in bank blog #2 here.   You will also note in bank blog #3 here the scale of the change being undertaken by the major banks as well as ongoing initiatives and progress.   However, while we are closely monitoring and reporting on this we appreciate this may not be inline with your experience and we'll be in contact for specific details to further assist you.   Regards, Cam ... View more

Great work @regmic!!! ... View more

Hi Lathan, happy New Year!   Thanks for your ideas and suggestions!   To confirm you would like settlement to take place but the ability to lodge the discharge document only once you have completed closing the loan account?   It would be great if you could provide more information on the issue you are trying to solve. There maybe other options that will achieve the same outcome. It would also be good to consider how this would work when HSBC is incoming mortgagee.   Thanks, Cam ... View more

Hi Michelle,   Lodgement Fees are generally the same for paper and electronic lodgement of documents except in Victoria where fees are slightly lower for electronic lodgement.   As part of lodgement verification in PEXA the LTO will provide the current lodgement fee to the PEXA workspace. These fees will automatically update when the LTO update prices.   The LTO lodgement fees can be found here:   NSW: Land title fees VIC: Property and land titles fees QLD: Titles Registry lodgement fees WA: Landgate fees SA: Land Titles Office Fees   Let us know if you have further questions.   Thanks, Cam   ... View more

Hi Joe,   Correct, the report can only display what has been entered as a financial line item. The forecast report will only display line items up until the workspace moves into a Settling status. After this point these line items will appear on the Historical report.   Please give me a call if you have further questions.   Cam ... View more