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Mind the Gap MinMinnesota Land Title Association April 8, 2008Land Title April April 8, 2008

Mind the Gap

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Mind the Gap. Min Minnesota Land Title Association April 8, 2008 Land Title April April 8, 2008. Mind The Gap. Mind The Gap. Mind The Gap. Mind The Gap. Mind The Gap. Mind the Gap Minnesota Closing. Mind the Gap. Mind the Gap Submit Document(s) To The County for e -Recording. - PowerPoint PPT Presentation

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Page 1: Mind the Gap

Mind the Gap

MinMinnesota Land Title Association April 8, 2008Land Title April

April 8, 2008

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Mind The Gap

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Mind The Gap

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Mind The Gap

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Mind The Gap

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Mind The Gap

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Mind the GapMinnesota Closing

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Mind the Gap

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Mind the GapSubmit Document(s) To

The County for e-Recording

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Mind the GapCounty Receives the Document to be e-

Recorded

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Mind the Gap

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Mind the Gap

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Mind the GapDocument Receipt and Endorsed

Document are Returned to Submitter

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Mind the Gap

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Mind the GapPaper Versus Electronic

Prepare Documents 5-10 Min.

Execute and Calculate Fees 5 Min

Delivery ½ to 5 Days Recorder Processing ½ to 21

Days Return Delivery ½ to 5 Days Enter Recorded Information

1/2 to 21 Days

Prepare Documents 5-10 Min.

Execute and Calculate Fees 5 Min

Delivery 30 Seconds Recorder Processing 3

Minutes Return Delivery 30

Seconds Enter Recorded

Information 3 Minutes

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Mind the Gap

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Mind the Gap

Will you be ready when

this happens again?

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e-Record Team

IT Staff Office Staff

Involved in the Recording Process

Management Legal

Counsel/Staff County Target

Staff

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Workflow: Sample Diagram

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Choose a Target County

Beltrami, Big Stone, Blue Earth, Carlton, Carver, Cass, Clay, Chippewa, Crow Wing, Dakota, Faribault , Hennepin, Hubbard, Jackson, Kandiyohi, Lac Qui Parle, Lincoln, Lyon, Martin, McLeod, Morrison, Otter Tail, Pipestone, Polk, Pope, Redwood, Renville, Roseau, Scott, Sherburne, Stearns, Steele, Stevens, Wabasha, Wadena, Washington, Watonwan, Wilkin, Wright and Yellow Medicine

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Mind the GapStatement of Commitment

and Payment Method

Commitment between County and Trusted Submitter Defines Parties and Terms Commitments,

Expectations, Communications

MN StandardsDetermine Payment Method

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Mind the Gap

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Mind the Gap

• Future PlansSix PackCertificate of Real Estate

Value (CRV)Deed (Transfer Document)Well CertificateMortgageAssignment of MortgageSatisfaction of Mortgage

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Mind The Gap

Resourcewww.sos.state.mn.

us

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Questions?