Ingeo's eRecording Solution Now Benefits 305 County Recorders

Online, October 15, 2009 (Newswire.com) - Ingeo Systems, Inc., the nation's number one provider of electronic document recording technology, recently added 15 more counties to its network, bringing the total to 305 - far more than any other provider in the electronic recording industry. New counties in Missouri expanded Ingeo's county footprint dramatically, making Ingeo's e-recording solution available to nearly 50% of the population in Missouri, from St. Louis to Kansas City.

"Not only does Ingeo serve more counties that any other e-recording provider but we cover by far the largest populations," said Karl Klessig, Ingeo's CEO. "Our strategy is to reach all the major population centers so the maximum number of documents can be recorded electronically. This is critical for our customers, both submitters and recorders." In any given month Ingeo processes more electronic real estate documents than any other recording organization. This includes everything from mortgages and deeds to liens and lien releases as well as default documents.

In the past quarter of the year, Ingeo added 20 new counties including Clark, NV (Las Vegas) with a population of more than a million and a half, and Jackson, MO (Kansas City) with nearly 700,000 in population. Earlier in the year, Miami-Dade, FL (population of nearly 2-1/2 million) integrated with Ingeo's e-recording solution. "Of the top ten most populous counties in the country, Ingeo now has eight in our nationwide network," Klessig said. "The other two are in New York where e-recording is not currently allowed." Ingeo has 15 of the top 20 most populated counties and continues to expand rapidly across the nation. "With changing legislation in California and New York recently, we are working diligently with counties in those jurisdictions to bring the benefits of e-recording to their constituents as well," Klessig said.

Ingeo currently provides e-recording to 305 County Recorders in 27 states plus the District of Columbia. The company has a significant presence (more than 50% population coverage) in Arizona, California, Colorado, Florida, Illinois, Iowa, Missouri, Nevada, New Jersey, Pennsylvania, Texas, Utah, Washington and Wisconsin. "We're concentrating on a number of high population areas including St. Louis, Detroit and the major cities in Ohio," Klessig explained. "This is in addition to our further growth slated for Arizona, Florida, Massachusetts, North Carolina, Tennessee, Utah, Virginia and Washington State. We also have been working with the legislatures and state officials in a number of other states where we expect to begin recording in 2010."

In addition to the 305 Counties that Ingeo lists as customers, the company works with nearly all the major county recording system vendors, and now has more than 30 technology partners that have integrated their county recording systems with Ingeo, allowing their county customers to benefit from Ingeo's electronic document delivery and recording system. When fully deployed, these relationships will deliver documents to more than 450 counties across the nation, representing more than 50% of the population that has access to electronic document recording capabilities.

In the marketplace, Ingeo's system services a majority of the national submitters, including all of the top ten and the majority of the top 30 lending institutions in the U.S. This is in addition to regional submitters in counties where Ingeo has county recording available. Ingeo also has alliances with 25 business partners on the submitting side.

Ingeo Electronic Document Recording System reduces processing costs and time while improving data accuracy. Ingeo's e-recording solution uses open platform technologies, providing flexibility in integration with existing solutions, while allowing users to capitalize on previous investments in technology. When fully integrated, the electronic document recording process takes only seconds.