American Release Corp Signs with ACS for Electronic Recording of Lien Releases

    /24-7PressRelease/ - Pasadena, CA, June 27, 2005 - Rekon Technologies, a software provider of lien release and reconveyance processing software, announced today that its sister company, American Release Corporation, (ARC), a nationwide outsource company for preparing lien releases and reconveyances, has signed an agreement with Affiliated Computer Services, Inc., (ACS), a premier provider of business process and information technology solutions, to electronically record lien releases using the Rekon system.

"Electronic recording is the future in our industry," explains Larry Roberts, President of American Release Corporation. "Eliminating paper means more than just reducing paperwork," says Roberts, "it means reducing or eliminating fat files that are expensive to store and ship; it means reducing or eliminating the slow response time in recording paper documents, waiting for them to come back in the mail, or being blind-sided by a rejection, weeks after the lien release or reconveyance was mailed to the recorder. With electronic recording, we will know within hours whether or not the lien release was accepted, therefore reducing turn around times from weeks to days, even hours."

As an established outsource company for many major mortgage loan servicers, American Release Corporation houses a large staff of professionals to handle any function in the processing of a lien release or reconveyance. Due to the unpredictable nature of the mortgage loan industry with the rise and fall of interest rates, refinancing booms can create a burden for many loan servicers who need additional support in the management of their lien release operation when pay-off volumes exceed their operational threshold. Utilizing the Rekon system, American Release Corporation provides a low-cost alternative for the preparation of lien release and assignments.

"We are pleased that ARC has chosen ACS to electronically submit lien release documents for electronic recording," says Paula Steger, Director of eRecording for ACS. The ACS electronic recordation process transforms the costly and time-consuming paper process of recording land records into a secure, economical, automated online transaction. The end-to-end process, from creating and signing documents, to delivery and recording of documents, can now be accomplished at Internet speed.

"The beauty of the ACS-Rekon eRecording interface is that it provides many reconveyance departments, like ARC's, the ability to electronically submit documents efficiently and securely, while maintaining their existing lien release paper process," says Aurora Marsh, Executive Vice President of Rekon Technologies. The Rekon software is designed to improve efficiencies for lien release departments nationwide. With the ACS interface, the Rekon system provides a seamless solution to the management and processing of lien releases and reconveyances. This allows a department to streamline its operation by spending less time managing software systems and spending more time focusing on its customers. Because the Rekon system integrates with ACS' electronic recordation exchange, Rekon users simply submit the documents electronically if the county is eRecording enabled, or submit the document conventionally as a paper release, all from one system. There is no additional training curve to retrain an entire department for the purpose of eRecording.

++++++

ACS, a FORTUNE 500 company with more than 50,000 people supporting client operations in nearly 100 countries, provides business process and information technology outsourcing solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com.

American Release Corporation is an outsource company based in Branson, Missouri specializing in low cost alternatives to the preparation and processing lien release, satisfaction, reconveyance and assignment documents. Their services also include document tracking and management. To find out more about ARC, go to http://www.americanrelease.com.

Rekon Technologies is a software company based in Pasadena, California recognized nationally as one of the key providers of software systems to the mortgage loan servicing industry. The Rekon system is known for its advanced, infallible method of lien release and assignment document preparation. DokTrak provides solutions to the ubiquitous problem of file and document tracking. More information about Rekon Technologies and its products can be found at http://www.rekon.com.

# # #