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Roundup: Four More Counties Add Electronic Recording.

Mortgage Servicing News

| September 01, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Four new counties have implemented technology from Ingeo Systems to accept digitally prepared lien release documents for official recording.

Washoe, Nev., Cook, Ill., San Bernardino, Calif., and Milwaukee, have installed the eRecord product from Ingeo, bringing the total number of counties that have installed the technology to 13. In addition, four other counties are in the process of installing it.

The company said that the recent installations will create the largest electronic recording users group in the country.

Todd Hougaard, Ingeo's president and founder, said, "With the addition of these new counties and the release of our latest eRecord version, there isn't a county in the U.S. that can't take advantage of electronic recording technology. We've removed all the hurdles for recorders to move ahead."

In a statement released by the company, Cook County recorder Eugene Moore said the county's partnership with Ingeo "is the first step on a long road to eliminating paper from the recording process. We view this as a tremendous opportunity given the fact that our recording rates per year are now running near 1.7 million documents."

Ingeo's electronic recording system is comprised of two parts: ePrepare and eRecord. The eRecord application accepts documents submitted by users of ePrepare through a secure electronic bridge.

"Together, they comprise an electronic bridge from the submitter to the electronic recorder," said Cindy Yates, Ingeo's vice president for marketing.

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Source: HighBeam Research, Roundup: Four More Counties Add Electronic Recording.

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