E-Recording is Beginning to Take Hold

Would most future homeowners purchase their new home wearing only their underwear? Sounds like an absurd question, and it probably is, but such an inquiry is rapidly becoming one that the real estate and mortgage industries must confront as technology and legislation are enabling a traditionally paper-restricted industry to become completely automated.

Not only is it an interesting idea, but electronic document recording (or commonly known as e-recording) is making the most expensive and complicated purchases many of us will ever make, more streamlined, efficient and easier than ever. With virtually no obstacles to overcome or cons to deal with, e-recording can deliver fast results, is extremely cost-efficient, and saves time. It allows for fewer county workers despite the recent growth in real estate activity and ventures in the past few years. County offices can pick and choose from an assortment of software solutions depending on their needs and given budget. Thus, the prevailing need for human workers and involvement is diminished and tax dollars can be allotted for other means.

Complex mortgage forms and closing documents are not yet allowed to be submitted through e-recording, but advancing technology will no doubt soon deliver those capabilities and enable county offices to keep pace with higher demand. For now, title companies and mortgage lenders can submit and electronically file all the simple and preliminary forms, such as lien releases, through electronic document recording.