|
Special Reports
Electronic Documents, Paperless
Loans
Orion Says Alliance Advances Recording of E-Documents
By Brad Finkelstein
SOUTHLAKE, TX -- Executives at Orion Financial Group, a lien release, assignment
and document retrieval services firm headquartered here, said its alliance with ACS Inc. advances electronic document
recording nationwide.
ACS has developed the Electronic Recordation Exchange, or eRX, which is an Internet-based
service that connects organizations who record documents with counties to facilitate electronic recording of land
records.
Orion has done over 4,000 e-recorded documents to date in 2005, up from 3,300
documents e-recorded in 2004.
"As the mortgage industry moves towards handling all its documents electronically,
Orion will remain at the forefront of this shift with innovative solutions in document services," noted Mike
Wileman, president of Orion Financial Group.
"Our proprietary assignment and lien release system, DocPro!, has been enhanced
to seamlessly facilitate e-recording. This allows our clients to have assignments and/or lien releases recorded
via paper or electronically, depending on the county, with the same superior level of quality and integrity. The
combination of leading-edge technology and superior customer service is why we have the lowest rejection rate in
the industry."
As more counties move towards e-recording, the biggest benefit is that turnaround
times can be reduced from 100 days down to one hour.
The company added that DocPro! is designed to generate paper and electronic recording
information from the same system, which is uncommon for the industry.
"We are very pleased to have formed an alliance with such a respected company
like ACS, that has remained strong for more than two years, and we will continue to pursue relationships that drive
the document services industry forward," said Mr. Wileman.
|
