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THE EVOLUTION OF TITLE PLANTS

Team Data Trace Title Tuesdays, DataTrace 0 Comments

Remember the School House Rock cartoon – How a Bill Becomes a Law? Well, this story is kind of like that – but it’s how and why title plants were developed to bring data, insight and clarity to real estate transactions.  

Creation of Manual Title Plants – 1889

About 130 years ago, it started with a carefully transcribed copy of Los Angeles county land title records affecting lands within the borders of the new county. The new plant was complete with lot books, maps, hand-abstracted copies of recorded documents, and copies of historical Mexican and Spanish land grants that preceded the Treaty of Guadalupe Hidalgo.Manual-Title-Plants

Development of the Title Records, Inc. (TRI) Facility

A well-known and historical manual title plant in Los Angeles County, the Title Records, Inc. facility,   still exists in Sun Valley, CA and is currently used for historic searches beyond our database coverage. To use the card plant, each day’s batch of index cards had to be sorted by property description or person’s name (encoded) and then merged onto the plant. It can then be searched to find where, in the store of microfilm, documents that had to be examined as part of the process of issuing a new title policy when the property in question was sold. This legacy plant is actually managed by DataTrace today. To modernize, create efficiencies and improve our business continuity planning, DataTrace is digitizing this plant data and it will no longer be accessible effective May 3, 2019. But, no worries. Lack of physical plant access means you save a trip in your car. You’ll be able to access the same awesome plant data via DataTrace® System (DTS) – from the ease and comfort of your computer.

And, of course, with time – also comes technology.Title Records Inc (TRI)

Title Plants – Digitized!

Thankfully, starting in the 1960s, title plants have gone digital to help ensure clear title through data and technology. Investment in digital title plants is necessary to permanently preserve the integrity of slowly deteriorating paper and microfilm title plant assets. Digital title plants also provide for disaster recovery and enable centralized (and accurate!) title production.

As the #1 real estate data provider, DataTrace currently scans, indexes and posts 2.6+ million documents per month, maintaining 545+ title plants nationwide. It provides both Grantor/Grantee and Geographically indexed title plants to its customers. 

Digital Title Plant

So… What’s Next?

Today, DataTrace’s expansive database houses billions of data dating back to 1809! And, DataTrace is transforming title production with automation to gain near-instant access to the property information and images you need to increase your title production.

Are you ready to ensure clear title with the nation’s premier real estate data and technology provider? Our experts can help.

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AUGUST TITLETUESDAYS CONTENT NOW AVAILABLE!

Team Data Trace Title Tuesdays, DataTrace 0 Comments

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TitleTuesdays are here! Join us every Tuesday for industry hot topics, best practice standards and the latest in DataTrace's innovative title solutions. Each week, bring us your questions as a team of title and product experts will guide you on the latest industry trends.

Register for a 30 minute webinar, or check back at the end of the month for the Title in 2 Series - featuring valuable, bite-sized insights to keep you up-to-speed on the trends in the industry.

Learn more about the August training today - including webinar and Title in 2 topics.

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NEW! TITLE TUESDAYS BY DATATRACE

Team Data Trace Title Tuesdays 0 Comments

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Starting July 3, 2018, Title Tuesdays are your weekly go-to for discussions on industry hot topics, best practice standards and the latest in DataTrace's innovative title solutions. Each week, a team of informative title and product experts will guide you on the latest industry trends and answer your questions.

Register for a 30 minute webinar, or check back at the end of the month for the Title in 2 Series - featuring valuable, bite-sized insights to keep you up-to-speed on the trends in the industry.

Learn more about the July training today - including webinar and Title in 2 topics.

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