TitleVest Launches Grow Paperless™
Manhattan-based title insurance company partners with the Arbor Day Foundation to plant trees on behalf of clients who go paperless
New York, New York – April 22, 2008 – In an effort to offset paper consumption, and as part of its ongoing commitment to eco-friendly business practices, TitleVest is launching Grow Paperless™. The title insurance company has partnered with the Arbor Day Foundation to plant one tree for every order placed by a client who opts to go paperless.
The Forest Stewardship Council reports the U.S. is the largest market for paper in the world, producing 90 million tons and consuming 100 million tons of paper annually. An estimated five million acres of forests are logged each year for paper production, making the paper industry the largest consumer of trees in the U.S.
TitleVest, a Manhattan-based provider of title insurance and related real estate services with regional offices in White Plains, NY, Short Hills, NJ, and Palm Beach Gardens, FL, is a leader in proprietary web-based industry technology.
To launch Grow Paperless™ and encourage its clients to go paperless, TitleVest has developed a new, state-of-the-art, interactive method of displaying its reports online. Each report is displayed as its own interactive website, offering clients unparalleled functionality and a streamlined user interface. Reports are also viewable on BlackBerrys and other PDAs with internet access As a further incentive to go paperless, TitleVest is including the preparation of ACRIS E-Tax Forms (i.e. the required NYC and NYS transfer tax forms) for free (a $100 value).
TitleVest is also scanning paper documents to create electronic archives and working from electronic files rather than hard copies whenever possible. All efforts are aimed at greatly reducing the 100,000+ sheets of paper TitleVest uses on average each month.
According to Conserveatree, a nonprofit organization dedicated to converting paper markets to environmental papers, the average tree yields 8,333 sheets of copy paper.
“Our business is historically paper intensive,” said Bill Baron, president of TitleVest. “By employing cutting edge technology, we are encouraging our clients to go paperless by offering an unparalleled online user experience. Within the next eight months, our Grow Paperless™ program aims to plant enough trees to exceed those needed for our entire paper consumption over the last eight years.”
A 2007 Cone Consumer Environmental Survey revealed 93 percent of Americans believe companies have a responsibility to help preserve the environment. By launching Grow Paperless™ TitleVest is able to help America’s reforestation efforts while offering clients an effective online alternative to traditional paper results.
The Arbor Day Foundation has a long-standing commitment to restoring the nation’s forests so this and future generations can enjoy the many benefits, including clean air and water, soil conservation, recreation, and wildlife habitat.
The TitleVest family of companies consists of TitleVest Agency, Inc., 1031Vest, LLC, and Vest Insurance Brokerage, LLC:
TitleVest (TitleVest Agency, Inc.) is a leading provider of title insurance, cooperative apartment lien searches, and related real estate services. TitleVest is a policy issuing agent for First American Title Insurance Company, 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.
1031Vest (1031Vest, LLC) is a leading Qualified Intermediary for IRC Section 1031 Tax-deferred Exchanges. A proud member of the Federation of Exchange Accomodators, 1031Vest is fully bonded and insured.
VestInsurance (Vest Insurance Brokerage, LLC) is a full-service property and casualty insurance brokerage offering a full line of business and personal insurance products from its network of the leading and highest-rated insurance carriers.
About The Arbor Day Foundation
The Arbor Day Foundation is a non-profit conservation organization with nearly a million members with a mission to inspire people to plant, nurture, and celebrate trees. Their commitment to restoring the nation’s forests includes working with the U.S. Forest Service for the past eighteen years to plant over 12 million trees in national forests, which are in desperate need of replanting. More information about the Foundation and its programs can be found at www.arborday.org .