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Ingeo is First Company to Provide Electronic Document Solutions Under New Guidelines

11/8/2000 12:00:00 AM

Ingeo announced today that its Internet-based electronic recording software leads the industry in electronic document solutions. Ingeo uses Extensible Hypertext Markup Language (XHTML) and digital signatures to create the electronic, legally-binding documents that drive its electronic recording software, and to provide easy-to-use document preparation and signing interfaces for banks, mortgage and title companies. XHTML 1.0 is the computer markup language data-format that is widely used in e-commerce that combines Extensible Markup Language (XML) and Hypertext Markup Language (HTML). Since the fall of 1999, Ingeo has developed Internet-based software with XHTML that electronically reduces the manual document-recording process from days to seconds, which in turn decreases costs and expands productivity for both county recorders and their private sector customers. Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, recently announced its selection of XHTML as the first data format to meet its initial e-mortgage guidelines. The selection of XHTML reinforces Ingeo as the industry leader in providing electronic recording solutions for business-to-government (B2G) transactions. "Ingeo's e-recording products are the first e-government applications developed using XHTML," said Todd Hougaard, founder and CEO of Ingeo. "We anticipate continued success as a trailblazer in providing e-recording technology that streamlines the workflow between lenders, title companies, mortgage servicers, and county government." As a leader, Ingeo is committed to innovation, and in turn continues to participate in a number of industry standard-setting taskforces nationwide, involving both public and private sectors, in addressing the emerging issues concerning the development of electronic document processing.



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