Ingeo’s E-Recording Continues Fast-Paced Growth: Now Covers Over 50% of Population in CO, PA and TX
Ingeo eRecord expands e-recording in TX, PA and CO. Recording of electronic real estate documents is now available to over 50% of the population in these states. Ingeo's e-recording network spans 260 counties offering time and cost savings in 25 states plus DC.
Logan, UT, January 14, 2009 --(PR.com)-- Ingeo Systems, Inc., the nation’s number one provider of electronic document recording technology, recently added 12 more counties to its network, bringing the total to 260 – far more than any other provider in the electronic recording industry. New counties In Colorado, Pennsylvania and Texas expanded Ingeo’s population coverage dramatically, making Ingeo’s e-recording solution available to nearly 60% of the population in Colorado, more than 56% in Texas, and 50% in Pennsylvania.
In the past quarter of the year, Ingeo added five new counties in Colorado for a total of 22, two in Pennsylvania for a total of 11, and five in Texas for a total of 18. “We are targeting our county growth in states where Ingeo’s presence allows submitters access to significant percentages of the population,” said Karl Klessig, Ingeo’s CEO. “As we increase our footprint in various states, the residents and County Recorders reap the benefits of electronic document recording through Ingeo’s e-recording solution.”
Ingeo currently provides e-recording to 260 Country Recorders in 25 states plus the District of Columbia. In addition to Colorado, Pennsylvania and Texas, the company has a significant presence in the Midwest, with coverage in 96 or the 99 Iowa counties, 14 counties in Minnesota, 17 in Wisconsin and the major population counties of the Chicago area in Illinois. Ingeo is continuing its expansion in the Midwest, with plans to add more counties in Michigan, Ohio and Missouri in the near future. “We concentrating on the high population areas around St. Louis, Detroit and the major cities in Ohio,” Klessig explained. “This is in addition to our growth slated for Arizona, Florida, Massachusetts, Nevada, North Carolina, Tennessee, Utah, Virginia and Washington State during the first quarter of 2009.”
Ingeo’s Electronic Document Recording System is composed of two parts: Ingeo ePrepare® for submitters and Ingeo eRecord® for county recorders. With Ingeo ePrepare, digital documents are prepared using standardized XML data, embedding digital and digitized signatures and notaries, and attaching electronic payment advices. Documents that originate on paper, such as loan closing documents, are scanned into ePrepare and placed into their proper recording order. Ingeo ePrepare integrates with leading loan servicing, title, escrow, document management and recording applications. The system has the versatility to process Level 2 and Level 3 documents and to handle intermixed document types.
Ingeo eRecord receives the documents and, after an examination and validation review, processes each document according to established business rules in each recording office. Endorsement and receipt information is electronically embedded into the document, along with the recorder’s digital signature, and is returned to the submitter electronically as an officially recorded document. Using configurable business rules, eRecord adapts to different recording requirements, fee structures and state legislation required within various recording jurisdictions. Ingeo is the only provider to offer a service with complete end-to-end capability that can adapt to virtually any submitter’s system output and provide fully automated signing, notarization, delivery, recording, payment, account reconciliation and return in conjunction with existing county recording systems.
Ingeo eRecord and Ingeo ePrepare use open platform technologies, providing flexibility in integration with existing solutions, while allowing users to capitalize on previous investments in technology. When fully integrated, the electronic document recording process takes seconds.
In addition to the 260 County Recorders that Ingeo lists as customers, the company works with nearly all the major county recording system vendors, and now has more than 25 technology partners that have integrated their county recording systems with Ingeo, allowing their county customers to benefit from Ingeo’s electronic document recording system. When fully deployed, this will represent more than 450 counties across the nation, representing more than 50 percent of the population that has access to electronic document recording capabilities. In addition, Ingeo has partnerships with more than 20 business partners on the submitting side.
Ingeo’s Electronic Document Recording System reduces processing costs and time while improving data accuracy. In any given month Ingeo processes more documents than all other recording organizations combined. In the marketplace, Ingeo’s system services a majority of the national submitters, including all of the top ten and the majority of the top 30 lending institutions in the U.S. This is in addition to regional submitters in counties where Ingeo has county recording available.
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About Ingeo
As a leader in the electronic document industry, Ingeo helps businesses and government agencies increase efficiency by providing secure electronic document recording solutions. Ingeo’s services currently enable the preparation, execution, management, validation, payment and recording of electronic documents and transactions, facilitating the automation of many repetitive, paper-based processes, saving both time and money for submitting and recording organizations. More information about Ingeo and its products can be found at http://www.ingeo.com.
In the past quarter of the year, Ingeo added five new counties in Colorado for a total of 22, two in Pennsylvania for a total of 11, and five in Texas for a total of 18. “We are targeting our county growth in states where Ingeo’s presence allows submitters access to significant percentages of the population,” said Karl Klessig, Ingeo’s CEO. “As we increase our footprint in various states, the residents and County Recorders reap the benefits of electronic document recording through Ingeo’s e-recording solution.”
Ingeo currently provides e-recording to 260 Country Recorders in 25 states plus the District of Columbia. In addition to Colorado, Pennsylvania and Texas, the company has a significant presence in the Midwest, with coverage in 96 or the 99 Iowa counties, 14 counties in Minnesota, 17 in Wisconsin and the major population counties of the Chicago area in Illinois. Ingeo is continuing its expansion in the Midwest, with plans to add more counties in Michigan, Ohio and Missouri in the near future. “We concentrating on the high population areas around St. Louis, Detroit and the major cities in Ohio,” Klessig explained. “This is in addition to our growth slated for Arizona, Florida, Massachusetts, Nevada, North Carolina, Tennessee, Utah, Virginia and Washington State during the first quarter of 2009.”
Ingeo’s Electronic Document Recording System is composed of two parts: Ingeo ePrepare® for submitters and Ingeo eRecord® for county recorders. With Ingeo ePrepare, digital documents are prepared using standardized XML data, embedding digital and digitized signatures and notaries, and attaching electronic payment advices. Documents that originate on paper, such as loan closing documents, are scanned into ePrepare and placed into their proper recording order. Ingeo ePrepare integrates with leading loan servicing, title, escrow, document management and recording applications. The system has the versatility to process Level 2 and Level 3 documents and to handle intermixed document types.
Ingeo eRecord receives the documents and, after an examination and validation review, processes each document according to established business rules in each recording office. Endorsement and receipt information is electronically embedded into the document, along with the recorder’s digital signature, and is returned to the submitter electronically as an officially recorded document. Using configurable business rules, eRecord adapts to different recording requirements, fee structures and state legislation required within various recording jurisdictions. Ingeo is the only provider to offer a service with complete end-to-end capability that can adapt to virtually any submitter’s system output and provide fully automated signing, notarization, delivery, recording, payment, account reconciliation and return in conjunction with existing county recording systems.
Ingeo eRecord and Ingeo ePrepare use open platform technologies, providing flexibility in integration with existing solutions, while allowing users to capitalize on previous investments in technology. When fully integrated, the electronic document recording process takes seconds.
In addition to the 260 County Recorders that Ingeo lists as customers, the company works with nearly all the major county recording system vendors, and now has more than 25 technology partners that have integrated their county recording systems with Ingeo, allowing their county customers to benefit from Ingeo’s electronic document recording system. When fully deployed, this will represent more than 450 counties across the nation, representing more than 50 percent of the population that has access to electronic document recording capabilities. In addition, Ingeo has partnerships with more than 20 business partners on the submitting side.
Ingeo’s Electronic Document Recording System reduces processing costs and time while improving data accuracy. In any given month Ingeo processes more documents than all other recording organizations combined. In the marketplace, Ingeo’s system services a majority of the national submitters, including all of the top ten and the majority of the top 30 lending institutions in the U.S. This is in addition to regional submitters in counties where Ingeo has county recording available.
###
About Ingeo
As a leader in the electronic document industry, Ingeo helps businesses and government agencies increase efficiency by providing secure electronic document recording solutions. Ingeo’s services currently enable the preparation, execution, management, validation, payment and recording of electronic documents and transactions, facilitating the automation of many repetitive, paper-based processes, saving both time and money for submitting and recording organizations. More information about Ingeo and its products can be found at http://www.ingeo.com.
Contact
Ingeo Systems, Inc.
Sharyn Wilson Woods
435-755-9837
www.ingeo.com
Sharyn Wilson Woods
435-755-9837
www.ingeo.com
Contact
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