Survey and Research on the Costs of Settlements and Savings with Electronic Integration

The Board has commissioned a research project to assess the potential cost savings from the development and implementation of a standard national electronic conveyancing system.

The first LIXI white paper in 2008 ‘Enabling Efficiency’ studied the problems and costs associated with rework in mortgage origination and identified the significant savings that can be achieved.  This provided members with valuable information to support their business cases for project implementation. 

The aim of this second research white paper is to provide vital information for the major banks to gain project budget approval, by highlighting the potential benefits of electronic integration in conveyancing. The research will be conducted by independent organisation Brand Management.

We anticipate that preliminary results will be available for discussion at the LIXI Evening Series in Melbourne on May 26 and Sydney in June.  A final white paper highlighting the results and key findings for the industry will be presented at the LIXI Annual Forum in Sydney on September 9.