U.S. Recordings, ACS Partner To eRecord Counties' Mortgage Documents

ST. PAUL, Minn. – U.S. Recordings, a leading provider of mortgage record solutions, and Affiliated Computer Services, a provider of business process and information technology outsourcing solutions, have formed an alliance to support the mortgage industry’s growth of all levels of eRecording with an integration of ACS’ Electronic Recordation Exchange (eRX) and U.S. Recordings’ InteleDoc PlusT. The combination, say the two companies, will provide lenders and title companies with a seamless access to the widest base of counties accepting eRecording of real estate documents. ACS and U.S. Recordings currently are interfaced with 20 counties. With the additional implementations in process, they anticipate expanding to over 40 counties by the end of 2004. Normal paper processing of mortgage documents typically takes an average of 30-90 days. Through eRecordings it can take less than eight minutes. The electronic filing process uses level II and level III technology in many counties, so it accommodates not only satisfactions, but mortgages, deeds, assignments, and other real estate documents. It also checks for the presence of county required data, proper authorization by the submitter, and security once it leaves the submitter’s system.