Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Conveyancer promises faster settlements

Nick Bendel 5 minute read

Brokers have been promised quicker deals via a platform that links them with all the parties in the settlement process.

Conveyancing firm Lawlab has developed a cloud-based platform known as Rundl to guide clients through the confusing settlement process.

Rundl uses a Facebook-style news feed to give clients step-by-step advice rather than dumping a mass of information on them at the start of the process.

Clients can allow their broker, accountant, real estate agent and insurance firm to access their Rundl page as well as post updates and upload documents.

Advertisement
Advertisement

This allows all parties to monitor the settlement process, while reducing the delays that come from waiting for emails and phone calls to be returned.

Lawlab managing director Ian Perkins said another reason for settlement delays was that clients often lacked the experience to manage all parts of the process.

“The consumer is effectively the conductor of the orchestra but can’t read music. Our tool removes the consumer from being the conductor,” he told The Adviser.

“It gives brokers control of the [settlement] process and allows everybody else to do their jobs too. But they’re not paying for that control.”

Mr Perkins said brokers could access Rundl and export information while remaining in their own platforms.

PROMOTED CONTENT


Brokers can also use their platforms to automatically refer clients to Lawlab, in exchange for a commission, he added.

External testing of Rundl started in late 2013, with the official launch scheduled for the end of March, he said.

Mr Perkins said Lawlab had created a Mandarin version of Rundl and hired Mandarin-speaking staff to deal with Chinese brokers, clients and agents.

Conveyancer promises faster settlements
default
TheAdviser logo

Grow your business exponentially in 2022!

Discover the right strategies to build a more structured, efficient and profitable businesses at The Adviser’s 2022 Business Accelerator Program.

Visit the website here to secure your ticket.

default

 

more from the adviser
Peter White

Breaking News

94% of broker clients unconcerned with broker remuneration

The vast majority of broker clients are not concerned with broker...

NAb building logo

Breaking News

NAB to offer flood victims $1k

The major bank has confirmed it will provide financial assistance...

macquarie building

Breaking News

Former RBA governor to chair Macquarie

With Peter Warne set to retire next year, it has now been announc...