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After 25 years? Was there a full digital title workflow in 1995 or are you referencing a wide adoption of the internet?
by WesleyJohnson 6y ago
After 25 years? Was there a full digital title workflow in 1995 or are you referencing a wide adoption of the internet?
- jonahbenton 6y agoNeither; 25 is somewhat arbitrary, and I'm very much not an expert in the space, just an interested observer, but generally speaking the idea that the various artifacts and workflows needed to establish and trace and transfer and finance and so forth real property could be fully digital and supported by adequate legal infrastructure started in earnest in the mid 1990s with MERS [1], early eNote [2] work, and many others. I don't have good references handy for early work on digital titles themselves, but my understanding is that this also started, more with the rise of PCs than the internet specifically. This all has only recently reached maturity, and now COVID has accelerated adoption [3]. 1. https://en.wikipedia.org/wiki/Mortgage_Electronic_Registration_Systems https://en.wikipedia.org/wiki/Mortgage_Electronic_Registrati... 2. https://www.theice.com/publicdocs/eNote_White_Paper.pdf https://www.theice.com/publicdocs/eNote_White_Paper.pdf 3. https://www.dlapiper.com/en/us/insights/publications/2020/04/esignature-and-epay-news-and-trends-april-2020/enotes-use-surges-insights-for-lenders-looking-to-close-mortgage-loans-electronically/ https://www.dlapiper.com/en/us/insights/publications/2020/04...