Technology Vendors Move Forward with Electronic Recording Initiatives.

Even though the National Conference of Commissioners on Uniform State Laws is still working on model legislation that would allow for the electronic recording of real estate liens, a number of technology vendors around the nation continue to demonstrate that the technology to make that happen is available now.

One of the biggest obstacles to the routine electronic recording of documents is the differing fees between various county authorities. Atlanta-based DOCX says it has a solution there.

The company has released a new version of its RID software it calls RID Plus. The product enhances the RID product by expanding the fee and requirement data to cover origination document types and by adding the property transfer tax data as well as a decisioning engine to calculate the fees and transfer taxes due at closing.

RID was first released in 1996 as a national database of recorder information, containing data required to record assignment and lien release documents including fees, contacts, addresses and specific county requirements for each of the 3,600 counties nationwide.

The company says 41 of the top 100 lenders use its software, which is also embedded in the FNIS MaxLien Product.

Two other firms have been making progress in this area, Ingeo, Logan, Utah, and U.S. Recordings, St. Paul, Minn.

Ingeo has announced a number of new installations of its eRecord product recently, as well as a number of new business partnerships. Washoe County, Nev., Cook County, Ill., Milwaukee County, Wis., and San Bernadino County, Calif., have all recently signed up to use Ingeo's electronic lien recording software.