Stay in Control. Save Time. Reduce Risk.
The Teranet Undertakings solution is an automated, digital platform that manages all mortgage discharge undertakings with little-to-no post-closing labour across sale, purchase and mortgage files.
Built with compliance at its core and backed by Teranet’s decades of trusted experience supporting Ontario’s real estate professionals, the platform ensures undertakings are fulfilled accurately, securely and on time.
How It Works
Upload your PINs, and the platform continuously monitors them. Once a charge is discharged, all parties receive an automated notification with the registered instrument details. If a discharge hasn’t been registered within 90 days, the system follows up for you and emails the lender or sellers lawyer with reminders sent every seven days until complete.
Experience the future of discharge undertaking management all automated in one place. Request access to Teranet Undertakings today.
Platform Features
PIN Monitoring
Submit all PINs associated with your undertakings and let the system track discharge activity in real time.
Automated Notifications
Receive system-generated notifications and Notices of Fulfillment immediately after a discharge is registered.
Lender Reminders
Proactive reminders are sent to lenders with outstanding discharges, eliminating the need for manual follow-up.
Centralized Dashboard
Manage all undertakings in one place, with the ability to manually update statuses when needed.
Customizable Templates
Notifications are pre-populated with matter details and your firm’s branding for a seamless and professional experience.
Key Benefits
Faster Closure of Undertakings
- Instant detection and next-day notifications when charges are discharged.
- Automated reminders shorten wait times and help move files forward without delay.
Disbursable Fee
- Teranet fees are recognized as an accepted disbursement under Law Society of Ontario regulations.
Built-In Compliance with LSO Requirements
- Generate reports for fulfilled and unfulfilled undertakings and access communication history and all follow-up records.
- Download system-generated Notices of Fulfillment with full registration details.
Reduce Follow-Up Costs
- Undertakings are automatically updated when discharges are registered.
- System-triggered reminders for overdue discharges reduce administrative time and labour.
Enhanced Compliance
Automated Tracking and Alerts
Every undertaking is automatically logged and monitored. Our system automatically detects discharge registrations and updates status daily and notifies the other side of completion.
Active Follow-Up
Automated reminders via email and fax follow-up on outstanding undertakings from other law firms and lenders on a regular schedule, creating a proactive compliance process.
Audit-Ready Reporting
Generate reports of fulfilled and unfulfilled undertakings instantly. All communications are tracked and available in the system for easy reference.
Risk Reduction and Accountability
Provides a full history of reminders, communications, status updates, and fulfillment dates demonstrating compliance with professional obligations.
Pricing
You only pay for the undertakings you choose to track. Each monitored undertaking includes automated lender follow-ups, status visibility, and real-time updates—delivering measurable time savings across every file.
Each monitored undertaking includes:
Learn More
- Automated requests for discharge particulars
- Built-in reminders and lender follow-ups
- Real-time status tracking
- Centralized audit and reporting
- Automated fulfillment reporting
No subscription. No minimums. No surprises—just efficient, pay-as-you-go pricing.
What Our Customers are Saying
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Discover how Teranet Undertakings can transform a compliance-heavy, manual obligation into a streamlined, automated and cost-effective process for you.
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