Released on: October 29, 2008, 10:16 am

Press Release Author: Sharyn Wilson Woods/Ingeo Systems, Inc.

Industry: Financial

Press Release Summary: Ingeo Systems, Inc. recently launched it's newest product
offering, Ingeo iTax, an e-recording capability designed to handle transfer tax
requirements and benefit submitters and county recorders.

Press Release Body: LOGAN, UT - October 29, 2008. Ingeo Systems, Inc., the
nation's number one provider of electronic document recording technology, recently
launched its newest product offering, Ingeo iTax(r), an e-recording capability
designed to handle transfer tax requirements and benefit both submitters and County
Recorders. After testing in Milwaukee County, Wisconsin, this innovation in
e-recording is now live in Dane, Kenosha, Racine, Rock and Milwaukee Counties. The
second wave for the Wisconsin rollout will be Brown, Outagamie, Portage, Sheboygan
and Winnebago Counties.

"There are more than 40 states that have a transfer tax," explained Karl Klessig,
Ingeo's CEO. "So to meet that need in our network of counties, we have designed a
new capability that allows the transfer tax to be processed with the deed."
Wisconsin is the first state to come aboard with Ingeo iTax and Washington, Florida,
Missouri and Colorado will follow. The requirements are different in each state,
but Ingeo is getting good feedback from counties and assessors' offices in addition
to input from a variety of submitters.

"Ingeo iTax will be a boon to title companies because this new capability allows
them to e-record purchase money mortgages," Klessig said. "Since the transfer tax
has to be processed with the deed, the ability to e-record provides tremendous
benefits." He explained that Ingeo iTax provides customers with a review process
that results in a change in workflow for Ingeo ePrepare. The transfer tax documents
are reviewed for authenticity and accuracy, and then the data is entered and
stamped. Ingeo customers merely input values and hit "submit." The stamp goes on
as approved and the document is submitted.

Ingeo's Electronic Document Recording System is composed of two parts: Ingeo
ePrepare(r) for submitters and Ingeo eRecord(r) for county recorders. With Ingeo
ePrepare, digital documents are prepared using standardized XML data, embedding
digital and digitized signatures and notaries, and attaching electronic payment
advices. Documents that originate on paper, such as loan closing documents, are
scanned into ePrepare and placed into their proper recording order. ePrepare
integrates with leading loan servicing, title, escrow, document management and
recording applications.

eRecord receives the documents and, after an examination and validation review,
processes each document according to established business rules in each recording
office. Endorsement and receipt information is electronically embedded into the
document, along with the recorder's digital signature, and is returned to the
submitter electronically as an officially recorded document. Using configurable
business rules, eRecord adapts to different recording requirements, fee structures
and state legislation required within various recording jurisdictions. Ingeo is the
only provider to offer a service with complete end-to-end capability that can adapt
to virtually any submitter's system output and provide fully automated signing,
notarization, delivery, recording, payment and return in conjunction with existing
county recording systems.

Ingeo eRecord and Ingeo ePrepare use open platform technologies, providing
flexibility in integration with existing solutions, while allowing users to
capitalize on previous investments in technology. When fully integrated, the
electronic document recording process takes seconds.

In addition to the 247 County Recorders that Ingeo lists as customers, the company
works with nearly all the major county recording system vendors, and now has more
than 30 partners that have integrated their county recording systems with Ingeo,
allowing their county customers to benefit from Ingeo's electronic document
recording system. When fully deployed, this will represent more than 450 counties
across the nation, representing more than 50 percent of the population that has
access to electronic document recording capabilities.

Ingeo's Electronic Document Recording System reduces processing costs and time while
improving data accuracy. In any given month Ingeo processes more documents than all
other recording organizations combined. In the marketplace, Ingeo's system services
a majority of the national submitters, including all of the top ten and the majority
of the top 30 lending institutions in the U.S. This is in addition to regional
submitters in counties where Ingeo has county recording available.

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About Ingeo
As a leader in the electronic document industry, Ingeo helps businesses and
government agencies increase efficiency by providing secure electronic document
recording solutions. Ingeo's services currently enable the preparation, execution,
management, validation, payment and recording of electronic documents and
transactions, facilitating the automation of many repetitive, paper-based processes,
saving both time and money for submitting and recording organizations. More
information about Ingeo and its products can be found at http://www.ingeo.com.





Web Site: http://www.ingeo.com

Contact Details: Sharyn Wilson Woods
Ingeo Systems, Inc.
1300 N 200 E, Suite 118
Logan, Utah 84341
435-755-9837 (phone)
435-755 9625 (fax)
swoods@ingeo.com