Simplifying settlement for purchase transactions
FASTPurchase®
Loan settlement without attendance of Lender
FASTPurchase is First Title's process specifically designed to remove the need for the incoming lender to attend a manual settlement.
Benefits
Benefits to Lenders
UNIQUE SETTLEMENT OFFERING
Settlements can occur without sending lender staff or agents to attend the settlement.
SMOOTHER SETTLEMENT
A single electronic transfer is used for the loan drawdown removing the need for drawing bank cheques.
HAPPY CUSTOMERS
Minimise risk of bank errors causing delays to settlement.
BCP READY
Incorporate FASTPurchase into Business Continuity Plans where attending settlement is not possible.
Your customer benefits
CERTAINTY OF SETTLEMENT TIME
Removes the risk of bank cheque errors or last minute adjustments causing delays to settlement.
PURCHASER'S LAWYER IN CONTROL OF ALL FUNDS
Purchaser's Lawyer is able to draw a single round of payments utilising the purchaser's funds and the loan funds.
LENDER DOES NOT ATTEND SETTLEMENT
May assist with 'social distancing' obligations with one less person at settlement.
EASIER SETTLEMENT BOOKING
No need to co-ordinate settlement times with the incoming lender. A single electronic transfer of loan funds is paid to the Purchaser's Lawyers trust account on the morning of settlement.
See what others are saying about us
The capacity of FMS to act for many different lenders and demonstrate an equal level of support and attention towards each of them is reassuring. We enjoy working with FMS and would have no hesitation in recommending FMS.
Petro Trianta
Managing Director, Podium Financial Ltd
Our brokers know that FMS are there to support our business directly whether it be solving for an unexpected issue, going above & beyond for a customer need or to educate us directly on how to best assist the lender and the smooth processing of the transaction.
Tracy Kearey
Managing Director, Home Loan Connexion
FMS are market leading with technology, always looking to improve the experience for all involved in the transaction. They often engage us with innovation pilots and the approach across the team at FMS is very customer centric and looking for continuous improvement.
Darren Little
CEO, Smartmove
FMS contributes valuable insight and support to the broader network of financial institution, legal and conveyancing firms as the technology continues to evolve. FMS are not only helping to shape the future of the industry, but also advance it. We look forward to many more years of working with FMS, to provide the best e-Conveyancing outcomes for the industry.
Lisa Dowie
CEO, PEXA
Want to know more?
If you're interested in how FASTPurchase can help your settlements, get in touch with us.
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