All Posts By

Devesh Chauhan

ACCC’s Rod Sims threatens enforcement action against PEXA, state governments

By | Uncategorised | No Comments

“In May, ASX Limited unveiled plans to invest alongside technology group InfoTrack and enter the $200 million electronic property settlement market, pitting it against PEXA, while another company, Purcell Partners, is pushing into the space with its LEXTECH platform. Both need to establish data standards, which vary across states, and receive regulatory sign-ff to become an Electronic Lodgment Network Operator.”

Please see the full article from the Australian Financial Review Weekend here: https://www.afr.com/real-estate/acccs-rod-sims-threatens-enforcement-action-against-pexa-state-governments-20180817-h144ek

ARNECC Notice to Stakeholders (25 May 2018)

By | eConveyancing, LEXTECH News, Mortgages | No Comments

Please see the following update from the Australian Registrars National Electronic Conveyancing Council (ARNECC), confirming that Purcell Partners ‘can now commence negotiations for approval to provide and operate as an ELNO with each State and Territory Registrar.’

https://www.arnecc.gov.au/__data/assets/pdf_file/0010/1395838/arnecc-notice-stakeholders-re-purcell-partners.pdf

LEXTECH receives stage 1 approval to operate as an ELNO

By | eConveyancing, LEXTECH News, Mortgages | No Comments

LEXTECH (Purcell Partners Pty Ltd) is excited to announce it has received approval to pass through stage 1 of the process to operate as a potential Electronic Lodgment Network Operator (ELNO).

LEXTECH was pleased to work closely with the Australian Registrars’ National Electronic Conveyancing Council (ARNECC) throughout this robust process. LEXTECH understands the importance of maintaining the integrity of each State Register and looks forward to creating a competitive market for e-Conveyancing.

Please see the following update from the New South Wales Office of the Registrar General for more details:

http://www.registrargeneral.nsw.gov.au/news/a-new-electronic-lodgment-network-operator-elno-has-progressed-past-stage-1-of-the-application-process

What is open banking?

By | eConveyancing, LEXTECH Blog, Mortgages | No Comments

“Open banking will encourage competition in the market for financial services as customers and authorised third parties have increased and better access to data, thereby forcing financiers to become more innovative to win business or by lowering their service costs.”

Please see the full update from our Business Development Manager, Ed Kerr at: https://www.linkedin.com/pulse/what-open-banking-ed-kerr/

Image source: Ivey Business School, FinTech Club

Transform your mortgage settlements with LEXTECH

By | eConveyancing, LEXTECH Blog, Mortgages | No Comments

“LEXTECH is fin-tech at its best. The software is one of a kind, specially designed to help lenders deal with the practical and legal aspects of mortgages. It is created, owned, and backed by Purcell Partners – a law firm with over 20 years’ experience servicing the financial sector.”

See the full update from our Business Development Manager, Ed Kerr at: https://www.linkedin.com/pulse/you-lender-mortgage-manager-aggregator-broker-transform-ed-kerr/

LoanCloser Technologies is now LEXTECH (Backed by Purcell Partners)

By | eConveyancing, LEXTECH News, Mortgages | No Comments

Purcell Partners Pty Ltd are excited to announce a new direction for our business and clients. Our proprietary software system LoanCloser, which has served our clients since 2005, has been re-branded to LEXTECH (Law Technologies).

LEXTECH (Backed by Purcell Partners) wishes to thank its loyal and supportive clients for their ongoing commitment to our firm. We are looking forward to further serving our clients and associated parties to mortgage transactions as the mortgage and e-Conveyancing industry develops in Australia.