Cost Benefits

Cost Benefits

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Reduce or Eliminate Costs in the following areas through e-recording:

• Postage, courier, materials, and related labor costs
• Checks: preparation, signing, document matching, and materials (Ingeo’s ePay system processes payment of county fees electronically)
• Signing and Notarizing of individual Lien Releases (Sign and notarize up to 100 documents at a time with Ingeo)
• Tracking documents (Ingeo provides automated tracking for e-recorded documents)
• Storing documents (Ingeo securely stores e-recorded documents online)
• Possible fines and penalties for slow recording turn times (e-recording shaves days from turn times)
• Correcting errors before submission (Ingeo provides real-time data entry error warnings to operators)
• Fewer Document Rejections. When rejections occur: receive, correct, and re-submit in seconds versus days with paper
• Materials costs – paper, envelopes, laser or ink-jet cartridges, toner, printer wear and tear
• Return File Costs – tracking, receiving, filing, some counties require stamped, self-addressed envelopes for document return
• Printing and Copying – materials costs

Efficiency, Accelerated Recordation, Document Security:

• One employee handles e-record process versus several people to touch the paper process
• Reduce Time Gap from document preparation (or loan closing) to recordation
• Documents never leave the building. Eliminates ‘lost, damaged or corrupted in transit’ risk
• Ingeo system is secure from intrusion. Data is encrypted. Documents are tamper-proof sealed.
• Ingeo is a low cost web-based solution. Easy to implement. Simple and efficient to use.
• More Counties than any other e-Recording provider
• Fully integrated solutions available