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Come Fly With Us. History ERER Task Force Formation and Work MN Electronic Recording Standards 3 Document Types Satisfaction Certificate of Release Assignment.

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Presentation on theme: "Come Fly With Us. History ERER Task Force Formation and Work MN Electronic Recording Standards 3 Document Types Satisfaction Certificate of Release Assignment."— Presentation transcript:

1 Come Fly With Us

2 History ERER Task Force Formation and Work MN Electronic Recording Standards 3 Document Types Satisfaction Certificate of Release Assignment of Mortgage

3 Minnesota Pilot Counties

4 Current Efforts Stakeholders - Title Companies - Banks and Mortgage Companies - Recording Service Providers - County Recorders - County Auditors/Treasurers - County I.T. Staff Need - Expansion beyond Initial Pilot Counties - Expansion beyond Initial Trusted Submitters Trusted Submitter Guide and Process - Committee Formation - Work in Progress

5 Question?

6 With this?

7

8 Why not try this?

9 Question? Is Electronic Recording in Minnesota for you? Do you: Record a High Volume of Documents? Originate or Execute Documents? Intend to Develop Long Term eRecord Plan? Have Internal I.T. Staff?

10 Answer: Did you say yes to one or more of the preceding questions? Do we have the ticket for you!

11 How to begin There are just a few decisions you need to make to begin your flight.

12 Pre-flight Check 1. Set up a project plan 2. Choose a target county 3. Commit to be a Trusted Submitter 4.Test 5.eRecord!

13 Flight Plan A.Form a Flight Crew - IT Staff - Office Staff Involved in the Recording Process - Management - Legal Counsel/Staff

14 Flight Plan: Review B. It begins with “IT” Review MN Schema Document Types Review MN Communication Protocol Review Style Sheet

15 Flight Plan: Review (Continued) Review Company Fleet (Hardware) Review Flight Instruments (Software Options) Review Flight Plans (Document Processes with Recording Department Staff)

16 Flight Plan: Assess

17 Flight Plan: Assess (Continued) Software Options - Internal Development - Purchase Software Package - Contract Process Out Conduct Cost Assessment of each

18 Flight Plan: Decide Chose your Flight Path!

19 Flight Plan (Continued) C. Identify Project Steps - Check with Legal Counsel - Review Assessments - Develop Workflow Diagrams - Review Current Automated Process - Study Minnesota Schema - Consider Multi-State vs Single State Submissions - Consider Integration with Back System

20 Statement of Commitment Commitment between County and Trusted Submitter –Defines Parties and Terms –Commitments, Expectations, Communications –MN Standards

21 Who are my passengers?

22 Local, State and National –Title Companies –Recording Service Providers –Banks and Mortgage Companies –Attorneys –Realtors

23


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