Friday, October 28, 2005

An Electronic Recording First

The Electronic Recording Pilot Program reached a milestone today when we recorded our first electronically submitted deed. This was a “no consideration” transaction, so we (and the computer system) didn’t have to worry about calculating and collecting the excise tax although in testing, that feature has worked just fine. As we finish our fourth month of “testing” we are about to begin adding more customers and continue to work on state-wide regulations that will, once they are enacted, permit additional customers to submit and registries to record documents electronically. Here are some statistics: Since we started recording electronically on June 29, we have recorded 513 documents, 413 of them were discharges, 81 were mortgages, 16 were assignments and 3 were “other.” This leaves us with an average of 8 documents per day. On average, Mondays are busiest with 12 documents, Thursdays and Fridays have seen an average of 9 each, and Tuesdays and Wednesdays are slowest with an average of 6. Things are changing, however. On Monday, October 3 we recorded 28 documents electronically and on Friday, October 21, we recorded 26 electronically submitted documents.

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