About nicolalambrakis

nicolalambrakis

I loved every moment! Thanks PEXA & thanks to the other Super Users!!

nicolalambrakis

Could you please confirm if there are any other times when a mortgage document would become unsigned, given the enhancements & changes in PEXA since this article was published? Thank you

nicolalambrakis · Re: PEXA Release 7.1.1 | 12 March 2018

In regards to the DA Sent & DA Received checkboxes and the Loan Documents Sent & Loan Documents Received checkboxes, could you please confirm when these checkboxes are visible? Are they present in all Workspaces or only where certain roles are filled? Or other requirements met?

nicolalambrakis · ‎22-03-2018

Thank you Simon, I received an email from your Help Desk confirming they had misinformed me and we can include a Discharge of Mortgage & Mortgage in the same workspace as the Survivorship application. It's only a Transfer that cannot be included. Thank you

nicolalambrakis · ‎22-03-2018

Please note, error in comment above: Calendar: Releases, Planned Outages, & Public Holidays | March 2018 2 April 2018 - Good Friday (National) This is Easter Monday, not Good Friday. Thanks

nicolalambrakis · ‎21-03-2018

I would like to ask about the PEXA Support Desk and it's future strategy to grow and support a larger user base. We've already noticed an increase in wait/hold times when calling for support and once transfers become mandated assume that call volumes will increase further and the complexity of calls will also have an impact on your ability to service customers. In addition, the skill set & experience of those staff answering calls must provide us with a level of confidence that information provided is accurate. Its important that PEXA subscribers - whether banks, solicitors or conveyancers - are able to gain assistance & prevent potential customer impacts. Thank you

nicolalambrakis · ‎19-03-2018

Simon, I have been on the phone with your PEXA Helpdesk and they noted this was NOT possible. I am confused. I can provide you with the INC number if required. I've also confirmed with another colleague who also called the PEXA helpdesk and was told this was not possible. Can you please confirm. Thank you

nicolalambrakis · ‎19-03-2018

When an FI receives a survivorship application from a solicitor, where a discharge is also required as the debt has been repaid, can we create the discharge document & lodge in the same workspace? or does a new workspace need to be created? If not, please explain why? We have been receiving survivorship applications from Solicitors with the role of Mortgagee on Title instead of CT controller which has been causing some confusion. Thank you

nicolalambrakis · ‎13-03-2018

Is it possible to note these changes or a link to this location on the Service Charter Section 8.2 to ensure it's not missed?

nicolalambrakis · ‎28-02-2018

Thank you - you've both been very helpful & informative.

nicolalambrakis · ‎27-02-2018

I have a query regarding the Document Types when creating a nomination, what is the difference between the Transfer and Transfer by Mortgagee. When would each document type be used? How is the nomination treated differently for each option? Thank you

nicolalambrakis · ‎23-02-2018

Hello all, I'm looking for advice from other FIs regarding sub-divisions in NSW where we no longer receive a paper title. Upon lodgement via PEXA, we receive an excel spread sheet (CoRD Notices) from NSW LRS that contains confirmations of dealings lodged - however the data contained is minimal & does not include the PEXA WID or Subscriber Reference. In addition, once the subdivision has been completed, the new CT details are not advised via the CoRD notice (the parent title details are listed only) and we are not able to update our security information with the new VOL/FOLIO details. How are other FIs dealing with this? We have approached NSW LRS to update the CoRD Notices spread sheet however they have advised this will not be possible. Thank you

nicolalambrakis · ‎09-02-2018

Thank you George. I've also spoken with Paul Major at LUV about the opportunity in future to add this type of information to the eCT - which could then flow through to PEXA. It would be ideal if we could build on the technology of an eCT to allow us to display a link between the strata titled property and car park

nicolalambrakis · ‎05-02-2018

In Victoria where strata titled properties with an associated car park have separate (linked) titles, is there any plan for PEXA & LUV to develop the capability to show this link on the Title screen? As we all move 'online' with our transactions & no longer have physical 'packets' with CTs enclosed we have seen an increase where the linked car park is being missed. In some cases the title search will display "Registration of Dealings with this Unit is Restricted" which can be investigated however this is not always the case. As a mortgage needs to be taken over both titles, failure to identify the car park results in a requisition & rework & the banks taking on the risk of unsecured debt when the workspace financially settles. Thank you

nicolalambrakis · ‎30-01-2018

Hi Emily - the order of lodgement is not clear in that response although it does confirm that it can be completed in the same workspace. I assume PEXA would determine the lodgement order to ensure registration of the new mortgage was successful once the caveat had been withdrawn?

nicolalambrakis · ‎29-01-2018

Thank you

nicolalambrakis · ‎24-01-2018

What is the expected behaviour when creating, lodging & registering a mortgage with a Caveat (absolute) lodged by another party? I have an example where we have been requisitioned by NSW LRS for a PEXA lodgement of a mortgage because a Caveat existed. I can see the Caveat on the Land Title screen however we were still able to create & sign the mortgage & lodge it. In addition, the financial settlement was successful (however the lodgement of the mortgage did not go through to Registered & Complete). We are now left with unsecured debt until this matter is resolved.

nicolalambrakis · ‎24-01-2018

In regards to the Withdrawal of Caveat process, can this be completed in the same workspace as the new mortgage (when being created/lodged by the Caveator on Title)? If yes, I assume that the WOC would have be completed first before the mortgage could be lodged successfully?

nicolalambrakis · ‎24-01-2018

Could you please advise from a technical capability perspective in this scenario - what would happen in PEXA & with NSW LRS? Would a withdrawal of caveat be required (either in the same or different workspace) or would the registration of the mortgage (by the caveator on title) remove the caveat and allow the mortgage to be registered?

nicolalambrakis · ‎15-12-2017

Thank you & Merry Christmas PEXA!

nicolalambrakis · ‎27-11-2017

Thanks Brett - I'll do that

nicolalambrakis · ‎24-11-2017

Could you please confirm the correct process in PEXA to lodge a caveat when the details on the title differ from what is on our mortgage. We have attempted to amend the participants in a Workspace where the name on the title is different to that on the mortgage (spelling error for example) however when we create the Caveat document is gets stuck in 'In Preparation' but there's no error or explanation on how to move it to 'Successful'.

nicolalambrakis · ‎20-11-2017

Great, thanks Marty btw - Great to meet you on Friday!

nicolalambrakis · ‎20-11-2017

Could you please confirm when a workspace role cannot be changed? I assume there are set rules or logic that would prevent it in certain circumstances.

nicolalambrakis · ‎16-10-2017

Wow - an action-packed Release!! I have a query regarding the change in Victoria - "No Nomination required when Transacting Party is CT Controller (VIC)" - this obviously only covers off transactions being lodged via PEXA? I assume that paper lodgements will still require a standalone nomination (to paper instrument) to be completed where we (Westpac) are the CT controller?

nicolalambrakis · ‎22-08-2017

thank you George. I think our best option would be to continue to lodge these transactions via the paper method. I assume given the recent refinance mandates for electronic lodgement they would still be accepted via this old method given the lack of functionality in PEXA at this stage for changing the priority of mortgages. Having to lodge a Refinance in PEXA & then a paper mortgage priority reassignment would become difficult to manage.

nicolalambrakis · ‎18-08-2017

Hi George, a similar Refinance scenario I'd like to confirm if possible via PEXA: 1st Mortgagee on Title: Bank A - remaining 2nd Mortgagee on Title: Bank B - Westpac to Refinance 3rd Mortgagee on Title: Bank C - remaining Would we be able to create workspace, invite Bank A (as CT controller), invite Bank B (as we're refinancing), Bank B prepare DOM, Westpac prepare Mortgage docs & then lodgement instructions order: 1. DOM 2. Mortgage & settle & lodge via PEXA. Resulting in 1st Mortgagee on Title: Bank A - retains CT control 2nd Mortgagee on Title: Westpac 3rd Mortgagee on Title: Bank C

nicolalambrakis · ‎22-06-2017

Is there a contact at Bank Of Queensland for VIC Nomination escalations? We have a Business Customer ready to settle with an eCT however BOQ have not nominated in PEXA to a paper instrument. Thank you

nicolalambrakis · ‎07-06-2017

Thanks Emily - it's much easier to read now that you've split it.

nicolalambrakis · ‎02-06-2017

Fantastic, thank you Emily

About nicolalambrakis

Re: Introducing the Community Superusers for 2018

Re: Signing in PEXA

Re: PEXA Release 7.1.1 | 12 March 2018

Re: Standalone Survivorship Application (ASP) - VI...

Re: Calendar: Releases, Planned Outages, & Public ...

Re: Introducing Five in Five with Marcus Price - A...

Re: Standalone Survivorship Application (ASP) - VI...

Re: Standalone Survivorship Application (ASP) - VI...

Re: NSW & WA settlement availability changes

Re: Create a Nomination - VIC

Re: Create a Nomination - VIC

NSW CoRD Notices - Current format - Subdivisions

Re: Victoria - Strata Titled properties & associat...

Victoria - Strata Titled properties & associated C...

Re: PEXA CAVEAT LODGEMENT & WITHDRAWAL PROCESSES F...

Re: Allowing a Mortgage to be lodged when a Caveat...

Allowing a Mortgage to be lodged when a Caveat exi...

Re: PEXA CAVEAT LODGEMENT & WITHDRAWAL PROCESSES F...

Re: NSW Caveat

Re: On the Fifth day of Community - Celebrating 20...

Re: Create a Caveat - VIC

Re: Create a Caveat - VIC

Re: Workspace Roles

Re: Workspace Roles

Re: PEXA Release 7.0 - 6 November, 2017

Re: Vary Priority of Mortgages

Re: Vary Prioirty of Mortgages

VIC Nomination Escalation Bank of Queensland

Re: How to do a Simultaneous Linked Lodgement

Re: Multiple Workspaces linked for Lodgement