Congratulations – you are about to register for SAI Global Property's Conveyancing Directory and therefore have taken the first step toward getting ready for Electronic Settlements.

By registering on the Conveyancing Directory you will nominate which email address your business wishes to receive settlement notifications to.  It will also give you access to our new complimentary value added service - Settlement Room which will be available to Financial Institutions in the third quarter of 2014.

A major upgrade of our existing Self-Service Booking (SSB) service, Settlement Room is designed to eradicate any opportunity for settlements to fail while also making the business of arranging settlement more efficient.

A critical feature of our new software has been the creation of a virtual meeting or “transaction” workspace where all parties in a settlement (outgoing and incoming mortgagees and buyer and seller representatives) can gather online to share, compare and agree on information prior to actual settlement. A tool contained in the software will give you the ability to upload important documentation, such as discharge authorities and mortgage documents.

Parties can communicate in real time and verify information about the property, such as payout figures, settlement balances and payment directions, dramatically increasing the probability for matters to settle first time.

Welcome to the Electronic Settlement Evolution.