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Simplifile, a provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, recently released quarterly figures summarizing the organization’s activities and achievements from July through September 2016, according to a recent announcement from the company.
The report says that an additional 47 counties and parishes in 28 states joined the company’s e-recording network during the third quarter of the year. This, according to Simplifile, brings the total number of e-recording jurisdictions nationwide to 1,496.
“The beauty of e-recording is that it improves efficiency and reduces costs for both the recorder and the settlement provider without sacrificing the security of the information contained in the recordation documents,” said Simplifile President Paul Clifford. “E-recording is a great example of a momentous and necessary change that results in the best possible outcome for all parties involved.”
The release also stated that in Q3, 3,271,534 documents were e-recorded through the Simplifile platform. Simplifile says that to date, 41.5 percent of all U.S. recording jurisdictions are part of the Simplifile e-recording network and the Simplifile e-recording network covers more than 75 percent of the U.S. population.
“More and more jurisdictions sign on to e-recording every day,” said Clifford. “We foresee a time in the very near future when manual document recording becomes the exception and not the rule, and we look forward to being at the forefront of that paradigm shift.”
In addition to these findings, the release also said that Simplifile contributed 99 volunteer hours to Habitat for Humanity build days throughout Q3 and Simplifile’s philanthropic program, Simplifile Cares, raised $12,398 at 29 events and through social media campaigns to benefit Habitat for Humanity chapters in 35 states. The company says that this bringing the total raised this year to $32,408 and since January, Simplifile employees have given 155 hours of their time to volunteer projects.
“Community service is something that is at the core of Simplifile’s corporate culture, and we tremendously value our employee’s ability to give their time and money to Habitat for Humanity, whose mission is so closely related to our own interests,” said Clifford.
