TitleVest awarded patent for ACRISasap™
Ground-breaking technology automates the creation of NYC ACRIS E-Tax forms, cutting processing time by 90%
New York, NY – July 13, 2010 – TitleVest Agency, Inc. (TitleVest), one of the nation’s leading providers of title insurance and related real estate services, announced today that the company has been issued a United States Patent for its revolutionary ACRISasap™ technology.
ACRISasap™, available exclusively at www.titlevest.com, is a web-based tool that cuts the time to create NYC ACRIS E-Tax forms by 90% or more. ACRIS E-Tax forms are required in connection with all conveyances of real property and cooperative apartments in New York City.
“The Patent award confirms what we have known for years: ACRISasap™ is a technical marvel”, said Bill Baron, TitleVest’s Founder and President and the “inventor” of the patented program.
“It’s really a no-brainer for real estate attorneys. ACRISasap™ creates the required E-Tax forms in a fraction of the time and effort required by the City’s ACRIS website,” said Baron.
The key benefits of ACRISasap™ as compared to the New York City Department of Finance’s (DOF) “ACRIS” website are:
* based on a recent survey of over 500 ACRISasap™ users.
** for cooperative apartment transactions
Since launching ACRISasap™ in 2005, TitleVest has developed a loyal following of New York real estate attorneys and support staff, ranging from solo practitioners to the largest and most prominent New York law firms.
To hear testimonials from actual users of ACRISasap™ and TitleVest, view a short video at:
To view the complete text of U.S. Patent 7,720,688, granted May 18, 2010:
Founded in 2000, TitleVest (www.titlevest.com) is a leading privately held New York City-based title insurance agency offering a full range of title insurance and related services throughout the United States, from large complex commercial transactions to residential purchase and mortgage refinances. TitleVest is a policy-issuing agent for six of the nation's largest and highest-rated title insurance underwriters: First American Title Insurance Company of New York and Chicago Title Insurance Company, Fidelity National Title Insurance Company, Stewart Title Insurance Company, Old Republic National Title Insurance Company and Commonwealth Land Title Insurance Company. TitleVest is also an industry leader in developing proprietary web-based solutions for its real estate professional. Two of its most popular offerings are ACRISasap™, which streamlines the creation of NYC/NYS transfer tax documents, (for which TitleVest has been issued a U.S. Patent and has another Patent Pending) and Interactive Online Report™, an interactive portal for reviewing title reports and managing the pre-closing, closing and post-closing process.