HOUSTON (Feb. 15, 2006) - Stewart Title of Corpus Christi completed the first electronic recordings of real estate documents with the Nueces County Clerk using the Landata e-Recording System (LERS).
"LERS successfully transmitted closing documents to the Nueces County Clerk's office, providing title companies and any other submitters the same recording functionality offered in person at the counter in the courthouse," said Alan Cellura, president and chief executive officer, Landata Technologies. "With this desktop e-recording system, Landata Technologies provides the platform, and the submitter acts as a remote recording facility."
The first closing document packages including deeds, deeds of trust and other related documents for 13 real estate sales were transmitted on Dec. 1, 2005, into the county's Landata e-STAR Plus™ automated public records system. Packages were generated via LERS and submitted by Stewart Title of Corpus Christi.
Since the initial e-recording, 644 documents were e-recorded in December and 746 were e-recorded from Jan. 1 through Feb. 3. For the month of January, the number of e-recorded documents comprised 12.6 percent of the total documents filed with Nueces County, with officials anticipating that 30 to 40 percent of real property records will be filed electronically.
Scanned images of the documents in addition to index information (grantor, grantee and property information) and cashiering information (document type and number of pages) were received by Nueces County Clerk Diana Barrera.
"Our office uses technology to improve our efficiency and to benefit our constituents," said Barrera. "After we upgraded our records system to Landata e-STAR Plus™, our next step was to offer electronic recording. We have started this process with Stewart Title and will be opening it up to other title companies and attorneys.
"Home buyers will appreciate that their documents will be filed more quickly," she added. "They eventually may have a filed copy of their real estate documents in their hands before they leave the closing."
The e-recording was accepted and the document package was electronically stamped, cashiered and loaded into the county's e-STAR database. Funds to pay for the recording were automatically transferred from the submitter's account to the Clerk's account. The electronically recorded and stamped documents were returned along with receipt information to the submitter within an hour of receipt.
"Our next step will be to have all our records set up online via Landata Technologies' data warehousing solution," said Barrera. "This will offer even more convenience to the public, where they will not have to go into the city to access records. In addition, with our records stored online with backups in remote locations, we will be able to offer access to public records even in the case of a disaster - such as a hurricane - here in Nueces County."
LERS was implemented in fall 2004 in Bexar County (San Antonio), Texas, where it is processing approximately 8,100 documents per month. Webb County, Brazoria County, Dallas County, Tarrant County, Williamson County and Fort Bend County - all in Texas - also are accepting e-recordings using the LERS system.
"LERS is a standalone application that any title company can use, regardless of its title production software," said Foster Edwards, president, Stewart Title of Corpus Christi. "We are looking forward to offering this enhanced service to our customers - the home sellers, buyers, real estate agents, brokers, builders and lenders - in Nueces County."
Cellura said, "Landata Technologies will be working with all interested title companies and attorneys within Nueces County to implement LERS."
About Landata Technologies Inc.
Landata Technologies, a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), offers electronic document conversion with indexing services, recordation systems, e-recording and data warehousing with e-commerce to government entities and title companies.
Stewart Information Services Corp. (NYSE-STC) is a technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 8,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, default management solutions, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.