1 / 10

Colorado Public Trustee Association October 23, 2003

Colorado Public Trustee Association October 23, 2003. E-Business The Process. What Comes First? Releases/Foreclosures. Increased speed in producing releases will have a dramatic effect on P.T. offices Mortgage Companies and Title Companies are already transmitting electronically

abel
Download Presentation

Colorado Public Trustee Association October 23, 2003

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Colorado PublicTrustee AssociationOctober 23, 2003 E-Business The Process

  2. What Comes First?Releases/Foreclosures • Increased speed in producing releases will have a dramatic effect on P.T. offices • Mortgage Companies and Title Companies are already transmitting electronically • Releases have a significant effect on the clerk’s office

  3. What Are The Steps Of The Release Process

  4. The Title/Mortgage Company Submits The Release The Title Company must have XML capability to submit either a level two or a level three document

  5. Properties of the Release • Release of Deed of Trust and Release 0(Without Evidence of Debt) • XML indexing Information • Payment Information

  6. Importing InformationInto The File Once the release arrives at the P.T. office, we will import the deed information into the file from the Clerk’s data base.

  7. The Public Trustee Needs The Following • MOU • Ability to Receive Document • Ability to Verify Data • Electronic Signature • Electronic Notarization • Ability to Transmit to the Clerk

  8. What is the Sine Qua Non(What’s The Deal Breaker?) • Electronic Notarization. • Willingness to send without proof of debt. • Upfront costs. • Agreement on technologies.

  9. How Many PlatformsCan We Support? • E-Filing.com • Kuvera • INGEO • ACS • Simplifile • US Recording • Title Companies • Etc., Etc., Etc.

  10. In Conclusion: • No county will be forced to adopt an e-business solution. • The technological solutions exist today. • Electronic Notarizations soon to be determined.

More Related