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NTC Sees Sharp Increase in Documents Recorded Electronically

Company experts at ""Nationwide Title Clearing, Inc."":http://www.nwtc.com/ (NTC) revealed a trend showing an increase in documents recorded electronically in the nation's Recorders' Offices.

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""More than 840 jurisdictions are currently eRecording-enabled, and approximately 15 new jurisdictions become enabled every month,"" said NTC's eRecording manager Brian Ernissee in a release.

Ernissee further stated the volume of documents sent by NTC to record electronically has gone from 10 percent in May 2012 to over 40 percent in February 2013.

""With such positive growth, we expect the total volume of documents submitted electronically for recording to be well above 50% by May,"" he added.

The eRecording service at NTC involves five steps: submit, receive, review, record and return. Through eRecording, processing land record and property documents can become more simple and efficient. According to NTC, eRecording has several benefits, such as allowing documents to be submitted any time, and the process is cost-effective and reduces paperwork since documents are scanned and submitted within minutes before getting returned electronically after recording.

Based in Palm Harbor, Florida, NTC is a service provider to the mortgage and financial industry.

About Author: Esther Cho

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