Simplifile Processes Its 100 Millionth Document for E-recordingATLANTA & PROVO, Utah, – April 13, 2020
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that Simplifile processed its 100 millionth document on April 1 and added more than 2,400 new submitters in March 2020. Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient.
“This milestone comes at an important time, not just for Simplifile, but for the mortgage industry as a whole, as it transitions to respond to the COVID-19 pandemic,” said Paul Clifford, President of Simplifile. “As our customers respond to both strong activity and uncertainty about the future, we’re working to ensure our systems are stable, resilient and dependable enough to meet any of the industry’s eRecording needs.”
Through Simplifile – a leader in eRecording – title companies, banks, attorneys and other document submitters can send electronic records directly to any of the 2,073 participating county recording offices, representing more than 80% of the U.S. population. In minutes, the county recorder can review, stamp, record and return documents to the settlement agent electronically. The process of submitting, recording, processing and returning documents is fully digital and can be done remotely, which is enabling a continuation of support and operations through the current crisis. In addition, recording fees and associated payments can be processed directly through Simplifile’s secure service, eliminating payment errors and check-writing expenses.
For an up-to-date list of counties participating in Simplifile’s e-recording network, visit https://simplifile.com/e-recording-counties/. Simplifile is also tracking the operating status of county recording offices throughout the U.S. during the COVID-19 pandemic. To learn more, visit https://go.simplifile.com/en/covid-19-county-recording-status-and-faq.
Simplifile, the nation’s largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share and track documents, data and fees with ease. To learn more, visit https://simplifile.com or call 800.460.5657.