TitleVest Launches ACRIStracker™
Proprietary web-based application tracks real property document recordings with NYC’s ACRIS system
New York, New York, (June 9, 2008) – TitleVest, a New York-based provider of title insurance and related services, announced the beta release of ACRIStracker™. The powerful new web-based application tracks when real property-related documents, such as deeds, mortgages and ACRIS E-Tax transfer tax returns, have been recorded with the NYC Department of Finance.
ACRIStracker™ eliminates the manual process of searching the NYC ACRIS website to see if documents have been recorded. Instead, users receive email alerts as soon as the documents that meet their tracking criteria are recorded.
ACRIStracker™ offers features to benefit a variety of professionals working with one or more NYC properties:
Attorneys can confirm that real estate documents (e.g. deeds, mortgages, etc.) are properly and timely recorded and provide their clients with convenient email links to these recorded documents. For coop transactions, attorneys can confirm that the ACRIS E-Tax Forms have been properly and timely filed.
Lenders can track and confirm that their collateral documents (mortgages, UCC-1s, Assignments, CEMA's etc.) are properly recorded and not inadvertently (or fraudulently) terminated. Lenders can also confirm collateral has not been improperly conveyed to a third party or additionally encumbered.
Title companies can track and confirm that documents relating to their insured transactions and courtesy recordings are properly recorded and provide their clients with confirmation.
Property owners can confirm that the deed to their property is properly recorded, as well as be alerted in the event of fraudulent conveyances, mortgages, tax liens, etc.
Condo/Coop managing agents can monitor conveyances within their buildings and confirm that its unit owners conform to any financing restrictions.
Simply, ACRIStracker™ allows anyone to automatically monitor the transactional activity of a NYC property or confirm the recording of a specific document with the NYC Department of Finance.
ACRIStracker™ is offered at no cost during the beta period. For more information or to try the new application visit www.acristracker.com
TitleVest 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.