The number of jurisdictions capable of electronically recording property records reached the 900 mark earlier this month, according to the Property Records Industry Association (PRIA). That represents approximately 25 percent of the counties, cities and other recording jurisdictions in the U.S., noted Kay Wrucke, Martin County (Minnesota) Recorder and President of PRIA.
Since June 2012, the number of recording offices adopting eRecording technology has increased 9 percent. PRIA officials expect to reach the 1,000 mark by the end of 2013. eRecording improves the quality of data, reduces turn-around times and provides significant cost savings when compared to manual recording.
Rapid expansion of eRecording has been steady for years, increasing from just 200 counties in 2006 to the current mark of 900, according to PRIA. This growing trend also helps pave the way to a broader acceptance of electronic notarization as a way to expedite the authentication process, improve quality, and enhance the overall security of document transactions.