Worldwide Obligation Registry(sm), the country\’s driving supplier of chain of title administrations for the money related administrations industry, and Rekon Advances, the biggest supplier of cutting edge lien discharge, task handling and report arrangement programming for home loan servicers, declared today that Worldwide Obligation Registry has introduced the most recent release of Rekon programming for its RegTrac contract enlistment and following framework. RegTrac registers and tracks the chain of responsibility for home loans in the Assembled States. RegTrac offers a thorough cutting edge arrangement that tracks the total possession all through the lifecycle of securitized home loans.
Worldwide Obligation Registry picked Rekon\’s product to mechanize the record readiness for assignments and lien discharges modules for its RegTrac contract product offering. RegTrac affirms that open land records dependably mirror the present proprietor and lien holder\’s name. It affirms chain of possession, checks advance documentation, conveys straightforwardness to the dispossession procedure and expanded effectiveness and exactness to the securitization procedure.
"Rekon offers Worldwide Obligation Registry\’s RegTrac framework a far reaching arrangement that streamlines the planning of lien discharge and task reports for both paper and electronic recording," said Rachael Sokolowski, overseeing chief, contract administrations of Worldwide Obligation Registry. "Rekon is a perfect accomplice given their capacity to give paper documentation and extraordinary revealing analytics."
Rekon\’s product rapidly and precisely makes assignments and lien discharges in the more than 3,600 recording areas in every one of the 50 states. The product keeps up a forward status on the directions, necessities and due dates for planning lien discharge and task reports in all recording regions across the country. Rekon makes a changeless track history for every single recorded report on its framework.
Worldwide Obligation Registry chose Rekon\’s product in light of Rekon\’s capacity to electronically record assignments in the more than 650 provinces in the 36 states that offer eRecording for home loan reports notwithstanding its capacity to suit Worldwide Obligation Registry\’s paper archive planning needs. With its eRecording capacities, Rekon programming can drastically diminish manual assignments and lien discharges and their cost for Worldwide Obligation Registry. It minimizes the re-keying of information when the product is coordinated into a current programming framework.
"We are satisfied that Worldwide Obligation Registry chose Rekon programming for the enlisting and following of assignments and lien discharges for its RegTrac home loan and enrollment following item and are eager to be a piece of their front line solution," said Aurora Bog, Chief of Rekon Advances. "Global Obligation Registry joins the biggest servicers in the nation in utilizing Rekon programming to reliably and precisely handle the developing volume of home loan assignments and lien discharges confronting the business today with no compelling reason to outsource. By introducing the most recent version of the Rekon programming, Worldwide Obligation Registry can evade any excesses as it tracks and registers lien discharges and assignments in areas around the country."
About Worldwide Obligation Registry
Worldwide Obligation Registry was established in 2005 to address the basic market need to precisely enlist and track the responsibility for and contracts. The organization\’s items guarantee that the chain of title and record data is approved at each adjustment in possession amid the lifecycle of the obligation. Worldwide Obligation Registry offers a thorough suite of bleeding edge arrangements, including obligation enlistment, account level chain of title items, precise information approval administrations, turnkey report administration, and in addition master consultative administrations. The organization\’s innovation is among the most secure and strong in the business and is agreeable with administrative and government orders. Worldwide Obligation Registry is the market pioneer in the red and home loan enrollment, and in the following of obligation proprietorship, and is upheld by a $5 billion private value firm. GDR Securing Organization LLC\’s essential working division is Worldwide Obligation Registry, which is headquartered in Wilmington, DE. For more data, please visit www.globaldebtregistry.com
About Rekon Innovations
Rekon Innovations gives propelled programming answers for advance servicers and banks that get ready, record, oversee and track credit reports, for example, assignments, lien discharges, UCC terminations and trailing archives, among others. Rekon programming is utilized by the biggest servicers in the business and is intended to handle developing volumes of archive arrangement and recording in the more than 3,600 recording regions in every one of the 50 states. The organization\’s lead item and namesake Rekon is a completely computerized framework for archive planning and administration, incorporated with imaging and eRecording capacities, that procedures credits from result to recording in a paperless situation from anyplace on the planet. Rekon additionally offers DokTrak, the most flexible archive following and information stockroom innovation item accessible for overseeing records in the hole amongst start and adjusting, settling issues in post-shutting and document confirmation for securitization. Rekon Advancements is situated in Pasadena, California. For more data, please visit www.rekon.com