The <a rel="noreferrer noopener" Ministry of Justice in cooperation with the Industrial Development Fund announced the launch of electronic mortgage documentation through Najez portal. The ministry explained that the mortgage document is an executive document to which the provisions of regulations related to implementation apply, and specified several steps to complete the documentation, namely:
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1- Issuing an application for the beneficiary at the Industrial Development Fund.
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3- Select the mortgages service from the documentation.
4- Issuing the pledge document immediately after the beneficiary approves the pledge and notifies the parties.
5- Selecting the application and approving or rejecting it.
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Benefits of the electronic mortgage documentation service
Ministry of Justice, through its official Twitter account, emphasized that there are several benefits of the electronic mortgage documentation service as follows:
Ministry of Justice
1- Integration with the "mortgagee" financing entities."
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2- Improving data validity and accuracy.
3. Facilitate the process of documenting and approving the lien electronically.
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Electronic Mortgage Services
The Ministry of Justice has made available four electronic mortgage services that enable the beneficiary to document the mortgage and cancel the mortgage without going to the notary, in addition to the service of real-time verification of the status of the mortgage electronically and the service of displaying the mortgages to the beneficiary in his account through the Najez portal.
The Ministry of Justice has made available four electronic mortgage services.
The Ministry pointed out that the four services are characterized by the correctness and accuracy of the data; the mortgage request is created through the Industrial Development Fund and the request is referred to the beneficiary for approval or rejection through the Najez portal. The mortgage document is issued after the approval of the beneficiary (current) directly through the Najeez portal, so that the mortgage document is an executive document to which the provisions of the relevant regulations apply.
The Ministry pointed out that the four services are characterized by the correctness and accuracy of the data.
View Documented Mortgages
Beneficiaries can also view all their documented mortgages at the Ministry of Justice at any time, in addition to the real-time "mortgage verification" service, where entities and individuals can verify the authenticity of the mortgage document and the status of the mortgage electronically through the Najez portal.
Najez.
The "Release of Mortgage" service is one of the modern services that enable the Industrial Development Fund (the mortgagor) to release the existing mortgage with the Ministry of Justice on the beneficiary electronically if the mortgage is settled, in addition to notifying the beneficiary and updating the status of the mortgage directly on the list of mortgages in the Najez portal with the beneficiary.
