Electronic document recording (eRecording) allows recording offices to reduce costs, eliminate payment errors, receive prompt payment, and increase staff productivity.
Wilmington, DE (PRWEB) June 28, 2013
Corporation Service Company® (CSC®), a nationwide provider of commercial and residential real estate document recording solutions, has recorded the first live electronic land record in the state of Connecticut.
On June 25, 2013, CSC electronically recorded a lien release with the town clerk’s office in Glastonbury, CT, using the Official Records System provided by NewVision Systems Corporation.
"CSC’s eRecording technology is an invaluable partner in the modernization of our recording process," said Joyce P. Mascena, Glastonbury town clerk. "As a result, our town has moved to the forefront of document management and processing technology. We are proud to offer this service in our continued efforts to better serve our constituents."
Electronic document recording allows recording offices to reduce costs, eliminate payment errors, receive prompt payment, and increase staff productivity. Document submitters also benefit from shorter wait times, fewer document rejections, faster rejection handling, and more secure transmission of documents.
CSC is the only nationwide provider of commercial and residential real estate document recording solutions in both electronic and paper formats. Formerly known as Ingeo Systems, CSC’s eRecording division pioneered electronic document recording in the U.S. and was recently recognized for its innovations by the 2012 Mortgage Technology Awards.
"We’re very pleased to have helped the town of Glastonbury make history in the state of Connecticut," said Mark Rosser, vice president for CSC. "The increased efficiency and accuracy has the potential to significantly reduce both origination and recording costs, saving money for the recording office and those they serve on a day-to-day basis."
NewVision has been a leader in electronic recording since the first ever end-to-end electronic mortgage, which was recorded on its system in Florida in 2000.
CSC’s eRecording technology integrates with NewVision’s ERecord Module, the town’s land records management system. NewVision’s software puts each electronic document package through an automated validation process and then makes the package available for review by the town clerk’s staff. Once accepted by the town clerk, the ERecord Module automatically calculates the taxes and fees and stamps the documents with validation data. Documents are returned automatically—with no staff intervention—following electronic recording, and fees are submitted through an ACH process. Most importantly, the recorded documents are available to public searchers on NewVision’s SearchNG application immediately upon recording.
The town of Glastonbury’s partnership with CSC and NewVision will allow real estate document submitters to electonically record documents quickly, easily, and securely. Any submitter with a computer, Internet connection and scanner/printer can now eRecord with the town clerk. Documents are in full compliance with federal, state and local laws, as well as industry standards.
Corporation Service Company® (CSC®) provides eRecording solutions that establish an electronic "bridge" between submitters of real estate documents and county offices, enabling documents to be prepared, submitted, recorded/rejected, indexed and returned quickly, efficiently and electronically. CSC has provided business solutions to the legal, corporate and financial communities for more than 110 years. For more information, visit http://www.erecording.com.
NewVision Systems Corporation, headquartered in New Canaan, Connecticut, has specialized in document image and work flow applications since 1989. The Town of Glastonbury has operated NewVision’s Official Records System since 2002 and in 2012 upgraded to the Next Generation Official Records System. For more information, visit http://www.newvisionsystems.com.