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Ingeo Wins Outsource Contracts

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 the lending community. In addition to offering outsourcing of lien release and assignment processing, the company offers software applications and national information databases.

ARC tailors lien release, assignment and document tracking services while supporting document preparation and processing.

Charter One Mortgage, headquartered in Richmond, Va., is a subsidiary of Charter One Bank. The company originates and services mortgage loans, including FHA, VA, conventional, fixed- and adjustable-rate mortgages and jumbo loans. Charter One services more than $27 billion of mortgages.

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