OFRM will be one of the first law firms in Australia to conduct conveyancing transactions electronically. Through PEXA (Property Exchange Australia) and with the support of the major banks, major state governments, states titles offices and land registries, the way property settlements are conducted in offices around the country will become a thing of the past.
OFRM are excited about the soon to be released PEXA system for online property settlement and proud to be supporting the rollout in Bendigo as one of the first cities in the country (indeed the world). This new, secure and tested system will soon be fully operational (planned Dec-Feb) to allow all property settlement transactions to be conducted securely and on time.
PEXA brings all parties (purchaser, vendor and usually two banks) together earlier in the property transaction so everyone has the same information current and available to them. For our clients it will enable their sale or purchase to proceed smoothly.
Here at OFRM, we are delighted to have been an early participant in the PEXA training programs and are already fully verified by PEXA. We are already using part of PEXA's functionality for lodgement of caveats and were the first firm in Bendigo to do so completely electronically. OFRM staff are up to date with the training roll out so that our conveyancing team of Mark O’Farrell, Josh Ennis and Cara Stone can hit the ground running when PEXA is released.