Conveyancing in the Cloud

Richard Galbraith, founder of KeyTrack & Conveyancing.co.nz addresses Cloud Conveyancing issues in a letter to the working group looking into Conveyancing systems as we head to 2020.

I note recently that a ‘Conveyancing 2020’ Working Group has been formed to look at future options including end to end e-conveyancing in the cloud environment. The KeyTrack system has been trading since 2003 and on conception I envisaged an end to end online platform shared by all parties involved in the home buying and selling process. Since 2004, agreements for sale & purchase have been able to be loaded into KeyTrack’s secure cloud environment by Real Estate Agents or Lawyers and following introduction of LINZ e-dealings we have been able to attach post-registration title searches to our online Transaction Status Reports (TSRs) shared by clients, lawyers, real estate agents and financiers.

I expect to see the sceptism of online workflow will slowly reduce over the next 10 years. I also expect to see data flowing seamlessly, but subject to privacy and access protocols, between the Real Estate Industry, Lawyers, Conveyancers, Accounting & Practise Management software, Banks, LINZ, Valuation Industry, Secure Signing applications and Local Councils in the next few years.

An objective of the NZLS & ASLSi parties in the group must be to ensure that online responsibilities are shared amongst ALL participants without solely increasing the liability on the over worked and under rewarded conveyancing practitioners, many of whom many are still charging less for conveyancing than 20 years ago.

I’m currently looking at funding arrangements to enable KeyTrack to take these giant steps.

Richard Galbraith

Posted: 13 Jul 2011

News articles