What is GhostInstruct, and what does it do?
GhostInstruct is a deal-tracking and attorney-performance reporting system developed by Korbitec which allows banks to instruct and communicate with their panel attorneys. It is web-based and reports via the ConveyCentral solution. Subscribing attorneys will be able to update their stakeholders (mortgagor, estate agent, mortgage originator and bank) as to the status of a deal, and banks will have visibility of attorney's progress regarding related transfers and cancellations.
How does it work?
FNB CPF captures the essential instruction data and bank-specific data necessary. This instruction data is then sent to attorneys activated on the Korbitec-hosted Attorney Gateway.
The benefits are many and varied:
- Banks are no longer dependent on the attorney to accurately capture and update their data.
- Regular progress messages.
- NTU, estimated registration date, bond classification, delay reasons and free format messages.
- Comprehensive deal-tracking and attorney-performance reporting.
In short, FNB CPF is another stunning solution developed by Korbitec (Pty) Ltd, a company which has a thorough understanding of the mortgage and conveyancing software market.
For further details and enquiries contact:
Dawie Verryne, General Manager
Korbitec Bank Services Division
Phone: +27 (0) 11 612 6056
Mobile: +27 (0) 83 264 6297
Fax: +27 (0) 11 612 6001