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Fannie Mae, HOEPA, Mortgages, Predatory Lending, Request For Information - Joseph Alvey/KY
9/5/2014 8:00:11 PM (3355 views)

[+] Maine is Making Critical Changes to Court Record Access - Nils Nelson/ME (1 reply)
9/5/2014 5:50:17 PM (3707 views)

[+] determine lien position - Alix Ott/MI (27 replies)
9/4/2014 7:45:04 AM (2745 views)

[+] Latest Article in The Title Report - Not good news for the industry as a whole - Jay D/MO (14 replies)
9/3/2014 12:06:23 PM (2498 views)

[+] Comment on "WFG Names O'Neill EVP of Institutional Services" - Source of Title/OH (5 replies)
9/2/2014 10:48:18 AM (2083 views)


Real Title Services


[+] Eliminate Non-Payers Ask for Prepayment like the rest of the world - sam r/FL (8 replies)
9/1/2014 11:37:16 AM (2265 views)

[+] Clients from India - Joseph Alvey/KY (17 replies)
8/31/2014 10:58:46 AM (2834 views)

[+] Global Data Source LLC (Title Prep) - Joseph Alvey/KY (4 replies)
8/31/2014 10:46:30 AM (2570 views)

[+] E & O Insurance - Jim Ashley/WV (4 replies)
8/27/2014 9:00:33 PM (2108 views)

[+] Pacer Access - Dan Zook/NY (2 replies)
8/27/2014 12:59:17 PM (3689 views)

[+] Indus Abstract services - Joseph Alvey/KY (11 replies)
8/27/2014 10:58:26 AM (5291 views)

[+] Title2Land - Kurt deVries/FL (1 reply)
8/27/2014 10:57:13 AM (2308 views)

[+] Low prices and marketing. - Joseph Alvey/KY (1 reply)
8/26/2014 5:56:43 PM (2299 views)

[-] Comment on "First Parish in Louisiana Begins e-Recording" - Source of Title/OH (2 replies)
8/25/2014 8:55:42 AM (1979 views)
e-recording ? - Patrick Miller/LA
8/25/2014 8:55:43 AM (3266 views)
E-recording direct by lender/lawyer - Bobbi Shorthouse, Notary Public/CT
8/25/2014 11:39:05 AM (3365 views)

I served on Connecticut's State E-recording Committee.

In Cliff Notes, the lenders and attorneys have an account with SimpliFile (or other companies that do this) and an employee fills in a database cover sheet and sends a pdf (or other ways to do this) direct to SimpliFile, which verifies the accuracy of the information and e-files it with the Clerk's office.  The Clerk's office gets a "ding" on their PC re an incoming recording.  Once notified it was ACCEPTED (no errors) by the Clerk, SimpliFile e-notifies the employee and the lender/attorney has access at anytime to view/print the recorded document through Simplifile at no additional charge.

The additional cost for e-filing (usually a few dollars) is passed on to the consumer; the firm does not have to have employees spending time writing checks and mailing documents, including postage costs.  It also eliminates the "recording costs" of a title search or "middle person".

In CT it works well for liens (foreclosure attorneys and mechanics) and mortgage releases; those filings that do not require an up-to-the-minute title bring down (you don't know who is at the counter or what's on the Clerk's desk that will be recorded prior to your incoming e-filing or the title insurance company is willing to take the risk). The State offices and 169 town clerks aren't yet coordinated for e-filing of deeds where state conveyance taxes are due.

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Gestalti - John Walker/PA
8/25/2014 6:31:56 AM (2090 views)


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