Indecomm, a provider of business outsourcing, learning and technology solutions, is enabling lenders and title agents to use its Trusted Submitter status to e-record as well as paper record in the regular system at the Bureau of Conveyances in the state of Hawaii.
“Nowhere is the benefit to cost analysis of adopting e-recording any greater than in Hawaii,” said Rajan Nair, financial services division, Indecomm Global Services. “The e-commerce benefits of improved recording quality and reduced turnaround time provided by e-recording are maximized by the geography of the state. Over time, the adoption of e-recording is going to be of great benefit to businesses and homeowners in Hawaii.”
Hawaii is unique in that it offers a single recording office for the entire state. Approximately 1,037 of the 3,600 recording jurisdictions in the United States offer e-recording. Indecomm has focused on those jurisdictions which have the largest potential for e-recording in order to maximize the benefits for homeowners. Indecomm’s footprint among these e-recording jurisdictions has grown to more than 500 and represents especially the largest counties. Indecomm offers paper recording in all the recording jurisdictions in the United States.
“Hawaii has relatively short recording times though the return time can be several months; e-recording significantly narrows that window,” said Latha Parameswaran, vice president operations, Indecomm Global Services.
“Trusted submitters like Indecomm are going to allow us to achieve our goals of an accurate and timely completion of the recording process faster,” said Nicki Thompson, registrar, Bureau of Conveyances, Hawaii. “Demonstrating the efficiency and expense reductions of e-recording will help to bring more of our local business and soon our title companies into the fold.”