Broker guide
Secure Funding Pty Ltd Discharge Authority
Secure Funding appears on the mortgage, but who handles release? Identify the servicer, obtain the current authority and coordinate payout and settlement.
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To obtain a Secure Funding Pty Ltd discharge authority, identify the administrator of your client’s loan and request its current release form. Secure Funding belongs to the Liberty group. Match that relationship to the client’s current statement before sending a release request.
Identify the Servicer Behind the Mortgagee
Start with the current loan statement and reconcile its account number with the mortgage and title details. The registered mortgagee holds the registered security. The servicer administers the account and coordinates the release, so those names can differ.
ABN Lookup identifies Secure Funding Pty Ltd and records Liberty Financial as a business name. Liberty’s terms of use also identify Secure Funding as a Liberty Group entity. Liberty’s Series 2023-4 transaction documents name Liberty Financial Pty Ltd as Trust Servicer and Secure Funding Pty Ltd as trustee.
That corporate relationship gives you a starting point. To identify the team responsible for this particular mortgage, work through the client’s records in order.
- Match the borrower names and loan number on the latest statement to the original loan agreement.
- Compare the statement’s administrator with the original lender or mortgage manager. Read any official servicing-transfer notice that explains a change.
- Contact the administrator through the details on the statement or an established customer channel. Give the mortgagee name and ask it to confirm responsibility for the account’s discharge.
- Record the confirmed discharge team and submission channel in the file before transmitting signed authorities or identification.
If the statement and title appear inconsistent, send the discrepancy to the loan administrator for reconciliation. A familiar brand or a similar company name is insufficient to identify who can release the mortgage.
Get the Current Authority
Request the current discharge authority from the confirmed loan administrator, using the loan number to identify the account. For a Liberty-administered loan, MSA National’s discharge forms directory directs customers to call Liberty on 13 11 33 for the current form.
Ask the discharge team to provide the form together with its submission instructions and identification requirements. Establish when a complete request must arrive for the proposed settlement. Record any fee or further assessment that applies to the requested release.
Obtain the form for the actual transaction. Selling every secured property, refinancing the whole facility and releasing only one property can require different instructions. A copy headed “Secure Funding” alone does not establish that the form fits the client’s account.
Prepare the Release Request
Complete the authority against the client’s loan records and the settlement instructions, then check every required signature before submission. Use the fields and execution requirements on the authority the administrator supplies.
Check the following details together.
- Borrower names, loan numbers and every facility affected by the request.
- Each property to be released, including its title reference where requested.
- The reason for discharge and proposed settlement details.
- The solicitor, conveyancer or incoming lender authorised to coordinate settlement.
- Required borrower signatures, signing dates and supporting identification.
- Instructions for surplus funds and any accounts that must remain open.
For a partial release, identify the property and facilities that remain. Obtain the administrator’s written release conditions before relying on the proposed sale proceeds or settlement timing.
Consider a hypothetical client selling one of two properties secured under the same lending arrangement. The authority must identify the property being sold and the intended treatment of the remaining debt. A request to close every facility could conflict with that instruction.
Submit through the confirmed channel and keep the completed authority with the delivery record. If the administrator rejects it, ask for the specific missing field or execution requirement and correct that item.
Confirm Payout and Security Release
Obtain confirmation that the administrator accepts the release request, then have the settlement representative obtain the payout figure for the intended settlement. A sent email establishes transmission. Acceptance establishes that the discharge team has the instructions it needs to proceed.
Reconcile the payout with the facilities being discharged. Allow for the administrator’s stated interest and applicable charges, and refresh the figure if settlement moves beyond its validity period. Confirm any shortfall or surplus-funds arrangements before settlement.
After settlement, obtain confirmation of the debt treatment and release from the responsible parties. Have the solicitor or conveyancer confirm that the intended mortgage discharge is registered, or explain what registration step remains. A zero loan balance alone does not confirm that the mortgage has been removed from title.
Keep the accepted authority, final payout and settlement confirmation together. Close the discharge task when the agreed facilities are dealt with and the intended security release is confirmed.
