Elements and Performance Criteria
- Prepare for settlement
- Confirm all pre-settlement conditions of finance approval with clients
- Communicate with various parties involved in settlement process and confirm that documentation and other settlement issues are in order
- Check documents to ensure they are correctly executed, signed, witnessed and dated before sending to approving personnel
- Register securities
- Arrange for disbursement of funds
- Arrange drawdown of funds by client, or solicitor acting for client
- Disburse funds in accordance with requirements of loan approval and instructions received from client
- Activate relevant client correspondence to advise client of disbursement of funds, date of settlement, manner of disbursement and other relevant details