Friday, October 12, 2007

E-Recording seminar aftermath

About 30 people attended the Simplifile electronic recording seminar this past Tuesday at the DoubleTree Hotel in Lowell. Simplifile’s president even flew in from the companies headquarters in Utah. The local rep, Paul Roth (a Burlington, MA attorney) first demonstrated the Simplifile customer interface. At their most basic level, all electronic recording software allows a user to transmit images of original documents along with data about the document that is entered by the customer to the registry for immediate recording. Paul took the presentation up to pressing the “send to the registry” button at which time I took over, showing how the registry processes incoming electronic recordings. In the questions that followed, the audience of experienced real estate lawyers seemed most interested in the “gap” that exists betwen the final rundown on the registry’s website and the time of recording. Everyone recognizes that this is typically only a few minutes, but it is something that must be addressed. Right now, it seems that most title insurance companies are perfectly willing to cover that gap although they don’t seem to be putting anything in writing so far. Although this meeting was hosted and arranged by Simplifile, I’ve already done another such meeting with eRX, another company that does e-recording with us and I will make myself available to any company or group that has an interest in discussing e-recording.

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