The company established more than two years ago to develop a national electronic conveyancing platform, NECDL, announced this week that it had started the build phase for the first release of a national e-conveyancing system.
The build of the e-conveyancing platform – named PEXA – is expected to continue throughout 2012, with the first release planned for testing in early 2013.
Commenting on the announcement, NECDL chair Alan Cameron said the decision to commence the PEXA build was the culmination of a detailed review of development costs, a revised business case assessment and successful funding discussions.
"We now have in place all we need to start to build PEXA," he said.
Cameron said consultations on the project with end users continued to progress well and the project was enjoying solid support across all the key parties to a conveyancing transaction.
