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PREP Newsletter: Who's On First? Let's End the Blame Game
|January 18, 2011|
The latest edition of The Property Records Education Partners (PREP) newsletter is now available.
In this edition, the lead article discusses the headlines regarding the recent foreclosure crisis and how it’s easy to point fingers. The article discusses the need for a seamless set of data standards for electronic recording of real estate transactions.
PREP provides a local structured forum for stakeholders of the property records industry to meet and work together more effectively. PREP chapters make it happen! In 2002 it became evident that cooperation and communication needed to be improved between industry stakeholders at the local level. In addition, a way was needed to share perspectives and information between national and local industry participants.
Supported by the success of the Property Records Industry Association (PRIA) at the national level, an alliance was formed by the American Land Title Association (ALTA), the American Escrow Association (AEA), the International Association of Clerks, Recorders, Election Officials & Treasurers (IACREOT) and the National Association of County Recorders, Election Officials & Clerks (NACRC) for the purpose of creating local industry workgroups.
To provide a permanent structure and ongoing support, in 2004 this project became an official workgroup structured under the PRIA umbrella.