Simplifile and Rekon Technologies Enter into Strategic Integration Partnership

Provo, Utah (PRWEB) January 12, 2009

Simplifile, the leader in e-recording, and Rekon Technologies, a leading software vendor in the mortgage loan servicing industry, today announce that they have entered into a strategic partnership to integrate Rekon’s lien release and assignment processing system into the Simplifile e-recording system.

The newly formed partnership will allow users of the Rekon processing system to instantly and securely send documents to the Simplifile e-recording system. The solution will automatically upload recordable documents into the customer’s Simplifile account and create a new e-recording package. This tight integration allows Rekon users to quickly and easily prepare documents and electronically record them with Simplifile’s enabled counties throughout the United States from the convenience of their own office.

“Rekon is known for its advanced method of lien release and assignment document preparation,” said Aurora Marsh, CEO of Rekon Technologies. “By integrating Rekon into the Simplifile e-recording system, the combined solution fuels the current industry trend toward paperless solutions. Our strategic partnership with Simplifile provides our clients with an opportunity to build state-of-the-art networks that will give them the edge in delivering excellent customer service, resulting in increased customer satisfaction.”

“Simplifile is pleased to work with Rekon to bring the benefits of industry leading lien release and assignment processing with the Simplifile e-recording system,” said Erik Blomquist, Simplifile Vice President of Technology. “Rekon is a leader in the mortgage loan servicing industry. With the integration of Rekon into the Simplifile e-recording system, our mutual clients will benefit from the integrated systems to more efficiently prepare and record documents, and virtually eliminate the need for paper documents.”

About Simplifile

Simplifile provides innovative, simple, and secure electronic recording services via the Internet. Simplifile’s customers include title companies, banks, attorneys, lien filers, and county and state government jurisdictions. Simplifile electronic recording services accelerate document recording and simplifies document workflow processes that reduces costly overhead associated with traditional submission and recordation methods while improving client service levels.

Simplifile is focused on building the industry’s de facto electronic recording network. As such, Simplifile provides a streamlined and scalable approach to electronic recording tailored to organizations of all shapes and sizes. For more information on how Simplifile can benefit your organization, visit http://www.simplifile.com or call 801.373.0151.

About Rekon Technologies

Rekon Technologies offers technology solutions to the loan servicing industry, providing tools to track, manage, prepare and record loan documents such as lien releases, assignments, UCC terminations, trailing documents and others.

Rekon Technologies’ flagship product and namesake “Rekon” is a fully sustainable workflow driven document preparation and management system, integrated with imaging and eRecording solutions to process loans from payoff to recording in a truly automated and paperless environment from anywhere in the world. Meanwhile, the DokTrak software is considered to be the most versatile document tracking and data warehousing technology solution, especially in resolving the gap between origination and servicing, including the processes of post closing and file certification for securitization. More information about Rekon Technologies and its products is available by visiting http://www.rekon.com or calling 626-577-4350.

“Simplifile” is a registered service mark of Simplifile, LC.

Rekon is a registered trademark of Rekon Technologies, Inc., a California corporation.

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Rekon Installs Additional Assignment Software for Top Three Lender

Pasadena, CA (PRWEB) September 30, 2011

Rekon Technologies, the leading provider of advanced lien release, assignment processing and document preparation software for mortgage servicers, has installed the latest edition of its Rekon software for one of the top mortgage lenders in the nation, enabling the lender/servicer to avoid any backlogs in its rapidly increasing mortgage assignment volume. The top lender, a Rekon software user for lien releases and mortgage assignments since 1997, completed more than 125,000 assignments in the first full month with the latest edition of the Rekon software system installed. The Rekon lien release and assignment software is seamlessly integrated with any servicing software system.

With the escalating volume of foreclosures today, mortgage servicers need to quickly straighten out the chain of title and establish a clear and clean title for delinquent properties in the assignment of mortgages, which ensures successful foreclosure proceedings by publicly documenting the owner of record and safeguarding the right to foreclose. By installing Rekons software the top three lender will avoid costly backlogs of mortgage assignments that can delay loss mitigation efforts. Rekon software quickly and accurately creates assignments for lenders and servicers in the more than 3,600 recording districts in all 50 states. The software maintains an up-to-date status on the regulations and requirements for preparing lien release and assignment documents in all recording districts nationwide.

Additionally, Rekon can electronically record assignments in more than 650 counties in the 36 states that offer eRecording for mortgage documents. With its eRecording capabilities, Rekon software can dramatically reduce manual assignments and assignment expenses. A recent lender analysis shows that up to 45 percent of servicers assignment volume, depending on their loan portfolios, could be transmitted electronically today.

Senior executives at the top three lender praised the quality of Rekons software features and noted that the delivery, installation, testing and go-live process for the software system was fast, easy and uncomplicated, taking little more than a month. Rekon ensured an efficient and seamless transition for our internal team members responsible for the project, said a senior executive who requested anonymity. The Rekon software also is extremely helpful when working with our business partners in the foreclosure process.

Aurora Marsh, CEO of Rekon Technologies, said, Rekons software is used by the largest servicers in the country and it consistently and accurately handles the growing volume of mortgage assignments facing the industry without a need to outsource, thus giving servicers and lenders of all sizes direct control over their assignment preparation costs. By installing the latest edition of the Rekon software, our top tier lender customer can avoid any backlog of assignments and safeguard its right to foreclosure and sell or transfer loans, including pools of loans, with clear and clean titles.

About Rekon Technologies

Rekon Technologies provides advanced software solutions to loan servicers and lenders that prepare, record, manage and track loan documents, such as assignments, lien releases, UCC terminations and trailing documents, among others. Rekon software is used by the largest servicers in the industry and is designed to handle growing volumes of document preparation and recording in the more than 3,600 recording districts in all 50 states. The companys flagship product and namesake Rekon is a fully automated system for document preparation and management, integrated with imaging and eRecording capabilities, that processes loans from payoff to recording in a paperless environment from anywhere in the world. Rekon also offers DokTrak, the most versatile document tracking and data warehouse technology product available for managing documents in the gap between origination and servicing, resolving issues in post-closing and file certification for securitization. Rekon Technologies is based in Pasadena, California. For more information, please visit http://www.Rekon.com/.

Press Contacts

Rosalie Berg

Strategic Vantage Marketing & Public Relations

PR(at)StrategicVantage(dot)com

(305) 971-5352

Marshall Taylor

Strategic Vantage Marketing & Public Relations

MarshallTaylor(at)StrategicVantage(dot)com

(410) 867-1093

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