Firms Team Up For E-Business
Rekon Technologies, a software provider for lien release and re-conveyance preparation, and U.S. Recordings, a St. Paul, Minn.-based provider of centralized mortgage recording solutions, have formed a technology partnership to add new counties for electronic recording of mortgage lien release and assignment documents.
This integration of U.S. Recordings' e-recording system with Rekon's loan servicing software provides mortgage loan servicers additional counties to which documents such as lien releases and assignments can be electronically submitted. With this integration, Rekon customers will be able to utilize the U.S. Recordings system to transmit documents to counties.
As more counties upgrade their systems, submitters expect seamless technology integration that provides one-stop solutions for document preparation in order to manage the fluctuating volume of loans, the companies said in a news release.
"Our partnership with U.S. Recordings will be welcomed news for our clients who, for the last three years, have benefited from e-recording," said Aurora Marsh, executive vice president of Rekon Technologies.
"U.S. Recordings is actively integrating new counties across the United States to its e-recording system while constantly upgrading requirements for each county to better serve our joint clients," said Jeff Carlson, chief executive officer of U.S. Recordings.
Through this integration, documents are electronically sent from a client's Rekon system to U.S. Recordings. The documents are then sent from U.S. Recordings to the jurisdiction for e-recording. The e-recorded documents are returned back to U.S. Recordings and posted to the Rekon system.
This business relationship adds 20 e-recording counties being served by the two firms, with an additional six counties initiating e-recording with them later this year. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com