Thursday, August 20, 2009

Electronic Recording Statistics

Now that the Middlesex South Registry of Deeds in Cambridge has been recording documents electronically for a couple of weeks, it’s an appropriate time to review some electronic recording statistics from Middlesex North were the system has been in use for several years. While processing electronically recorded documents has become a routine part of our operation here in Lowell, the percentage of documents being recorded by that means remains capped at about 12% of our total daily intake. My sense is that number is artificially low because many real estate practitioners have held off on adopting electronic recording until more registries of deeds allow that process. Now that Cambridge is open for business, perhaps our volume will rise.

For now, here are the stats for 2009 up to the end of July: In those seven months, we recorded 4889 documents electronically which accounted for 12% of our total of 41282 documents. The monthly volume of electronic recording rose steadily from a low of 344 in January to a high of 805 in July. On seventeen days, we recorded more than 50 documents electronically. The five highest volume days were April 13 (107 e-docs), Feb 24 (78 e-docs), Feb 23 (75 e-docs), July 21 (73 e-docs) and July 1 (68 e-docs). As for document types recorded electronically, 59% were discharges, 20% were mortgages, 3% were deeds and 18% were other types of documents.

And has been the case from the very beginning, electronic recording from the registry end has been a fast, efficient and trouble-free means of recording documents.

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