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Ingeo Wins Outsource Contracts.(Brief Article)

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

Ingeo Systems has recently signed contracts with several outsource service providers to the mortgage industry and with a national mortgage lender.

Ingeo said it has executed contracts with Peelle Management Corp., DOCX, American Release Corp. and Charter One Mortgage - enabling them to prepare and submit digital lien release documents for electronic recording to county recorders' offices.

Ingeo president and founder Todd Hougaard said the new participants represent a "major expansion" in the electronic recording of mortgage documents.

"No other technology provider in the industry has more lenders and processors submitting electronic documents or as many counties receiving and recording them as Ingeo," Mr. Hougaard said.

Peelle Management has been providing assignment and reconveyance preparation and recording for mortgage servicers since 1985.

DOCX provides document creation and public records to ...

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