The transition to e-Conveyancing can feel daunting and overwhelming at first, but with so much change taking place in the industry you’ll want to remain on top of it to remain competitive. Once you get to know how easy and streamlined the electronic Conveyancing process is you’ll quickly see the benefits for all parties involved. InfoTrack’s e-Conveyancing tools integrate seamlessly with LEAP, so keep reading to see how easy it is to get your business on board!
People don’t want to wait
The new generation of buyers and sellers don’t want to wait – they want instant results! Younger clients who are digitally savvy, expect quick turnaround and this can be done through using e-Conveyancing technology. However, it’s not just the young tech savvy that benefit from this technology, all clients can appreciate increased transparency and efficiency that e-Conveyancing can offer. e-Conveyancing can be a significant positive differentiator – use it to your advantage!
It’s not just about the ELNO
Electronic exchange on ELNO platforms is only the final step of the e-Conveyancing process. End-to-end electronic conveyancing consists of four parts: verification of identity, electronic contracts, electronic signing and finally, electronic settlement on an ELNO. It’s good to get a better understanding of the different areas of e-Conveyancing and how implementing these tools can benefit your firm.
You can move at your own pace
Even though the conveyancing process can be done entirely electronically, don’t worry – you don’t have to implement the whole e-Conveyancing process all in one go! You can begin to use some e-Conveyancing technology and still do part of it on paper, like using an electronic contract, printing it off and signing, then using an ELNO for electronic settlement. You can still gain significant time-savings and reduce your paper work by implementing some e-Conveyancing technology until you become comfortable. You just need to give it a go!
Are you ready for the mandatory dates?
It’s good to be prepared and comfortable with electronic Conveyancing well before the mandatory dates. The NSW Government has announced that all transactions have to be done electronically by 1st July 2019 in NSW. By starting to use some online Conveyancing tools now, you can ease into it at your own pace. End-to-end e-Conveyancing can be done now right from your LEAP Matter through to you ELNO, with flexible options allowing you to make a choice as to which parts you conduct electronically depending on your firm.
InfoTrack’s tools work seamlessly with LEAP. There are no installation or ongoing fees, and just as with paper conveyancing, most of the costs are disbursements only. The best part is LEAP, InfoTrack and certain ELNOs offer plenty of support along the way while you transition to e-Conveyancing. Why not start now?
About the author
Andrew Wing is the Business Solutions Manager of InfoTrack. Andrew has been working in the legal technology industry for over 10 years, starting out as a software developer. Andrew now heads up the integration department at InfoTrack. Andrew has completed integration projects for hundreds of law firms across Australia.0