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Nationwide Title Clearing Partners with Ingeo

10/4/2005 12:00:00 AM

Nationwide Title Clearing, the leading outsource provider for lien release services, just completed its alliance and implementation with Ingeo Systems, Inc., the nation’s number one provider of electronic document recording technology.

“Adding the alliance with Ingeo to our existing eRecording partnerships increases the counties available for eRecording through NTC by over 50 percent,” said Jim Stewart, president of Nationwide Title Clearing. “This represents a significant benefit to our clients as they will see a direct cost savings and a more streamlined process for a larger geographical area,”

“The electronic recording of mortgage documents such as lien releases and assignments is a reality today in many jurisdictions,” Stewart said. “And the full acceptance of electronic recording of real estate mortgages is on target for the future.” He explained that the number of counties accepting electronic filing is increasing weekly across the country. “Nationwide Title Clearing and Ingeo are on the forefront of that movement,” he continued. “We are very exited about the increased efficiency and cost savings that we can create for our clients through this opportunity.”

Karl Klessig, Ingeo’s CEO explained that Nationwide is one of the top servicing vendors in the country. “Integrating their capabilities into the Ingeo system allows them to add a new level of automated servicing for their clients,” he said. “Many of the top mortgage lenders in the U.S. are working with Ingeo on electronic recording of mortgage documents,” Klessig explained. In addition, major counties across the nation are using Ingeo eRecord™ to process thousands of electronic documents per month. “No other service has a complete end-to-end capability that can adapt to virtually any submitter’s system output and provide fully automated signing, notarization, delivery, recording, payment and return in conjunction with existing county recording systems,” he said.

In addition to the many county recorders that Ingeo lists as customers, the company works with nearly all the major county recording system vendors, and now has 16 partners that have integrated their county recording systems with Ingeo, allowing their county customers to benefit form 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.

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