RecordFusion's Technology to Solve South Carolina's Land Records Crisis
|June 30, 2006|
NEW CASTLE, Pa.--(BUSINESS WIRE)-- RecordFusion, a provider of end-to-end records management solutions, announced that the company will bring its industry leading technology to South Carolina. Information about the company's land records management services were recently unveiled to the Palmetto Land Title Association (PLTA). The Palmetto Land Title Association is the professional association for businesses and individuals who are part of the title and land records industry in the state of South Carolina.
Recently members of the PLTA attended meetings where representatives from the land title industry from Louisiana and Mississippi shared their Hurricane Katrina experiences. These individuals outlined the considerable issues and problems that exist with the loss of land records in their parts of the country. Many of these records were destroyed and no back up systems or disaster recovery plans were in place. This has left title insurance companies lenders and others without any means to perform title examinations to obtain proof of title. This has created significant issues for title insurers, land owners, mortgage companies as well as residents and businesses who need access to this information for insurance claims and governmental disaster relief programs.
"South Carolina is a coastal state with the same potential for disaster. We are very concerned about how our Register of Deeds and other governmental offices would fare should we have a similar catastrophe. The current state of land records management needs to be addressed as soon as possible. Back up systems and standards must to be established across the state. The PLTA is working statewide with the Register of Deeds offices, elected officials and companies like RecordFusion to address these issues and implement solutions," said Stephanie Munsey, PLTA Board Member.
"In the wake of Hurricane Katrina it has become very clear that land records need to be protected, and systems need to be in place in South Carolina to ensure that they can be easily recovered. RecordFusion offers a complete solution for the land records management. Our comprehensive suite of products and services will protect all land records and allow for more effective utilization and management of this information. With our system records can be archived and categorized for easy research, systems can be implemented for the recording of new information, and we can create an infrastructure for information recovery following disaster," said RecordFusion President Bill Welge.