First International Title’s CEO Jim Moran has been an advocate for making real estate closings easier and more efficient.
“Historically, title companies had to mail or courier deeds and mortgages to the courthouse in order to record and officially transfer title,” Moran said. “We had to wait until the recorded documents were returned before policies could be issued. I knew we had to find a better way to improve the process, saving time and money.”
eRecording is the process of electronically recording title by submitting, receiving and processing documents for recording via the Internet, instead of sending them to the county clerk’s or recorder’s office by express mail or courier service.
“eRecording is quick and easy to do,” Moran said. “We offer it across the board at all of our 25 branch offices throughout Florida. Almost all counties in Florida are now accepting eRecording through Simplifile, our eRecording vendor. It’s fast becoming an industry standard.”
“Without question, eRecording has become the standard for document recording, streamlining and expediting the recording process,” Simplifile President Paul Clifford said. “First International Title has quickly become one of the largest documents submitters in Florida, and is often the first company in the state to eRecord a document with a new eRecording county. Not only does eRecording with Simplifile provide a faster recording method for them, it’s also more cost-effective for both of them and their customers.”
Via eRecording, First International Title customers now receive their title policy at the closing table, and the recordings are timely as a result. eRecording also reduces the risk of liens being recorded prior to the buyer’s deed, avoiding problems for both the title company and buyer.
“eRecorded documents also help cut down on overall paper waste, mailing costs and risk of lost documents,” Moran said. “Recording fees and payments can now be processed securely thereby eliminating the need to write and mail checks. IT also reduces payment errors that can delay recording. It’s really hard to fathom that this has been manually for so many years. Ultimately, it’s all about providing ease and comfort to the customer.”