The Property Records Industry Association (PRIA) is telling PROGRESS in Lending that Oregon has become the ninth state to reach the 100 percent mark with all its recording jurisdictions eRecording-enabled.
Colorado was the first multi-jurisdictional state to earn the 100 percent designation in 2011, with Arizona reaching that landmark in 2012. Massachusetts and Iowa reached the 100 percent mark in 2015, while Hawaii, Alaska, Delaware and District of Columbia also claim 100 percent of jurisdictions eRecording.
With the number of counties that are eRecording across the nation now nearing 1,800, an increase of more than 150 jurisdictions in the past 12 months, significant progress has been made toward nationwide acceptance of electronically recorded documents.
The Property Records Industry Association (PRIA) develops and promotes national standards and best practices for the property records industry. PRIA is a coalition of government and business partners collaborating to formulate positions on issues of common interest. PRIA strives to identify areas of consensus within the industry, leading to recommendations for national standards pertaining to recordable documents.
About The Author
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at firstname.lastname@example.org.