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Partnership between Ingeo and Kuvera Expands

7/17/2007 12:00:00 AM

Ingeo Systems, Inc., the nation’s number one provider of electronic document recording technology, and Kuvera Enterprise Solutions, specialists in integrating enterprise applications and automating business processes, announced an integration partnership that increases the volume of electronic real estate documents processed by counties in Colorado.

Colorado is the only state in the nation with a Public Trustee requirement for processing deeds of trust for all releases or reconveyances. “Kuvera provides the interface with the Offices of the Public Trustees and the application for moving the document on to the County Clerk and Recorders’ Offices for recording,” explained Jeff Wille, Kuvera’s president. “This is a natural partnering relationship between Kuvera and Ingeo that benefits both organizations. Ingeo brings to Kuvera’s counties a greater volume of documents and Kuvera offers Ingeo’s submitters easy access to the majority of Colorado’s population.”

The alliance enables Kuvera’s county recording offices to accept electronically prepared digital documents for official recording from submitters that use the Ingeo ePrepare® system. “The partnership between Ingeo and Kuvera combines the strength of each company,” said Karl Klessig, Ingeo’s CEO. “Kuvera provides Ingeo with one integration effort that opens all of Kuvera’s Colorado counties to Ingeo’s submitters, which include six of the top ten mortgage lenders in the U.S. and most of the top 30, in addition to many regional and local submitters.”

When the liens are satisfied, the lender releases the obligation and Ingeo pushes the documents from the submitter to Kuvera. Kuvera moves them along to the Offices of the Public Trustees for review and approval and then on to the County Clerk and Recorders’ Offices for processing. Wille shared the findings of one Public Trustee: “He estimated that using electronic document recording takes just 25 percent of the effort of paper processing,” Wille said. “His analysis showed a great savings in time and costs, which similarly applies to the county recorders and submitters as well.”

Initially, Kuvera opened Boulder County to Ingeo with 16 other counties to follow. “Kuvera has eight of the 10 front-range counties in the state, which represent the highest concentration of population,” explained Wille. “Currently we have 17 counties in the state, which cover more than 50 percent of the population. And we’re working to bring on more in the future.”

The partnership with Kuvera increases Ingeo’s reach into Colorado. Previously the company provided its electronic document recording solution to four counties – Denver, Delta, Eagle and Routt. Now through Kuvera, Ingeo’s penetration covers 21 Colorado counties, expanding to Alamosa, Arapahoe, Archuleta, Baca, Bent, Boulder, Conejos, Douglas, Gilpin, Jefferson, Kit Carson, La Plata, Larimer, Mineral, Otero, Pueblo and Weld.

“In Kuvera counties, Ingeo supplies the submission and management side of the electronic document recording process,” Klessig said. “But in most other venues, we provide a total services solution. Ingeo’s ability to integrate and adapt to almost any electronic recording configuration and requirement is a unique capability that has allowed Ingeo to rapidly expand electronic recording to more jurisdictions.”



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