Simplifile Clocks 11.9 Million E-recording Transactions in 2016
January 26, 2017
Simplifile, a provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, announced its strategic priorities for 2017 along with year-end data summarizing the organization’s last 12 months of growth. Following steady adoption of its e-recording platform by county recording offices in 2016, Simplifile will focus in 2017 on expanding its network of settlement agent users and introducing enhancements to its online collaboration platform for settlement service providers.
“An incredible three out of four U.S. real estate transactions in 2016 occurred in a county that e-records with Simplifile,” said Paul Clifford, president of Simplifile. “We will continue to grow our e-recording network in 2017, and we’ll also roll out new enhancements to our Collaboration and Post Closing services that put settlement agents’ needs at the forefront.”
Simplifile’s e-recording network grew at a pace of one new county every other day in 2016. In all, 182 counties and parishes in 32 states joined Simplifile over the course of the year, bringing the total number of e-recording jurisdictions nationwide to 1,543 at the end of 2016. Today, the network covers 1,560 counties and more than 75 percent of the U.S. population.
In 2016, title companies, banks, attorneys, servicers, and lien filers submitted some 11.9 million documents directly to county recording offices using Simplifile. The company also saw growth in adoption of its Collaboration and Post Closing services, which allow settlement agents to share, receive, and validate documents and data with their network of lenders in real time. Simplifile’s secure, electronic workspace provides a platform for collaboration on fee data, documents, and transaction details.
Now in its 17th year of operation, Simplifile increased its staff by 8 percent in 2016 and added several new members to its leadership team, including Director of Product Strategy Brian Boike, Director of Lender Experience Chris Lohman and Director of Strategic Initiatives David Majewski.
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