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US Recordings and ACS Form Electronic Filing Alliance.
U.S. Recordings, provider of mortgage recording solutions since 1967, and Affiliated Computer Services, a provider of business process and information technology outsourcing solutions, have formed an alliance that the companies hope will foster the mortgage industry's adoption of electronic recording of real estate transactions.
The alliance will integrate ACS' eRX (electronic recordation exchange) with U.S. Recordings InteleDoc Plus technology. The combination will provide lenders and title companies with seamless access to the widest base of counties accepting eRecording of real estate documents, the companies said in a news release.
In a meeting in New York recently, U.S. Recordings Chairman Patrick Daulton told Mortgage Servicing News that the company's list of counties that accept electronic recording materials is growing rapidly. Currently, U.S. Recordings is working with about 20 counties to perform electronic recording, and Mr. Daulton said that will grow to about 40 by the end of the year, in large part because of the alliance with ACS.
In the news release, U.S. Recordings CEO Jeff Carlson said the combined capabilities of the two firms create a synergy that will "ease the migration from paper to electronic recording for many lenders and counties."
U.S. Recordings said its clients will see the immediate added benefits of having documents recorded in eRX participating counties with U.S. Recordings submitting through the eRX Web interface. ACS's customers would experience the same benefits in U.S. Recordings' participating counties, with eRX submitting through the U.S. ...
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