Uncovering the Mysteries of Electronic Recording
For some, just mentioning electronic recording may cause a glazed-over stare. This mysterious process of electronically recording documents with the county may seem shrouded in complexity. However, electronic recording, otherwise known as e-recording, is straightforward and simple.
E-Recording follows the same process of submitting, and processing documents for recording that is done every day by title companies across the nation with one change. Rather than send the documents to the county via runner, mail, express mail or courier service, documents are sent, received, and tracked via the Internet.
This simple change in process not only simplifies and accelerates all aspects of the recording process, it make recording documents fast and easy.
So, how does e-recording work?
E-Recording consists of a very simple, five-step process:
Step 1. You, the document submitter, prepares a document for submission to the county and then scans the document. You then review the scanned file for accuracy and submit it via the Internet to the county along with any comments.
Step 2. Seconds after you send the document, the county recorder's office is notified that the document has arrived. The document is immediately placed in a queue that recognizes-based on county race-to-record policies-its position relative to other documents being submitted electronically, by mail, or by courier.
Step 3. The county reviews the document and accompanying data (fees, comments, etc.) and accepts the document for recording.
Step 4. Once the county accepts the document, it stamps and records it.
Step 5. Seconds after the document is recorded, it is returned to you via the Internet.
What does e-recording do for me?
Ask yourself: How much time do you spend processing documents today? How long do your customers have to wait for documents to be recorded? How many times are you resubmitting documents to correct errors? How much is it costing you to cut checks to pay recording fees?
E-Recording can save you time and money and enable you to provide superior services to your customers. Consider the following advantages of e-recording.
- Documents recorded in minutes. With e-recording, you reduce the time it takes to record documents with the county. Imagine, it's the last day of the month and you are able to close a file and record it the same day. Plus, once the county records your document, you can immediately return files to lenders the same day.
- Avoid mailing costs, paper costs, traffic, and wasted time. E-Recording is a cost-effective alternative to courier fees and postage not to mention the time wasted in traffic, wasted fuel costs, and wasted paper.
- Correct and resubmit rejected documents quickly. When the county rejects a document, e-recording allows you to make the correction and resubmit it within minutes. There is no need to wait for your courier to bring back your document or wait for it in the mail.
- Eliminate check writing expenses. With e-recording, recording and submission fees are electronically processed-allowing you to bypass the check writing process altogether. Since payments are made electronically, if a document is rejected for incorrect submission fees, the time and expense to reissue a check is also eliminated.
The mystery of e-recording, once understood, becomes a truly beneficial solution to title professionals. E-Recording simplifies and accelerates all aspects of the recording process.