Tech pioneer recognized for innovation, effectiveness and wide adoption of system benefiting the housing economy
Pasadena, CA - March 17, 2016 - Rekon Technologies, a provider of lien release and assignment technology and advanced document management software for mortgage servicers and lenders, has been named to the 2016 HW TECH100™ list of the nation’s leading technology firms serving the mortgage lending and servicing industry.
The TECH100™ represents the housing economy’s 100 most innovative technology companies as judged across multiple dimensions, including market influence, market potential, uniqueness of the solution, growth and implementation elegance.
Rekon Technologies pioneered the automation of the highly complex task of helping lenders successfully complete lien releases and assignments while complying with the multitude of requirements of over 3,600 recording offices across the nation. “Rekon has been refining and innovating the technology required to accomplish this enormous and essential task since opening its doors in 1994,” said Rekon CEO Aurora Marsh. “With all the permutations that can cause delays, fines and other expenses associated with releases and assignments, there are quite literally over a million ways they can go wrong without the right technology. It is enormously gratifying to have our efforts recognized by being named to the TECH100 list for the third consecutive year,” Marsh said.
“The companies in the HW TECH100™ are providing innovative solutions to the traditionally hide-bound mortgage finance industry,” said HousingWire Editor-in-Chief Jacob Gaffney. “In the face of rising costs to originate and service loans, a still-volatile housing market and multiplying regulations, these innovations are crucial to the survival and profitability of those in our industry.”
Rekon’s solution is used by the majority of the nation’s top 10 servicers and is backed by a staff that keeps the software constantly updated on even the smallest changes required by country recorders across the land. “Keeping lenders and servicers in compliance with thousands of requirements would be all but impossible without technology, but the people factor cannot be overlooked,” Marsh noted. “Our team is in constant communication with the people working in the recording offices all around the country and Rekon’s success would not be possible without their hard work,” she said. “This prestigious recognition is reflective of the dedication and professionalism of the entire Rekon team.”
About Rekon Technologies
Rekon Technologies provides mortgage servicers and lenders with advanced technologies for lien release and assignment processing, and for document management and tracking. The company’s two central product offerings are Rekon and DokTrak software. Rekon is the industry’s most adopted lien release and assignment technology. It is used by seven of the nation’s top 10 mortgage servicers and is widely recognized as the industry’s de facto standard in lien release technology. Rekon automatically prepares lien releases and assignments according to the unique standards of each of the country’s 3,600+ recording offices, significantly reduces recording errors and penalties. DokTrak, the servicing industry’s most comprehensive document management and tracking software, empowers lenders to track, manage and maintain file and document locations and post-closing exceptions. Rekon was one of the first companies to offer eRecording capabilities in the 36 states where it is offered. The company was founded in 1994 and is based in Pasadena, California. For more information, visit Rekon.com.