Tech trend: Paperless real estate surfaces in midstate

Technology is meeting the real estate market in Central Pennsylvania. In November, HomeSale Settlement Services of East Hempfield Township helped complete one of the nation’s first completely electronic real estate transactions on a computer.

Technology is meeting the real estate market in Central Pennsylvania. In November, HomeSale Settlement Services of East Hempfield Township helped complete one of the nation’s first completely electronic real estate transactions on a computer.

It was a cash transaction, but stakeholders foresee mortgage deals being handled similarly down the road. Technology developed by a Provo, Utah-based company named Simplifile allowed Cliff and Betty Martin to sell their Ephrata home to Nancy Matranga without the need of signatures on paperwork.

The entire transaction took place in one sitting. Paperwork was signed, notarized and encrypted electronically in minutes, said Brian Zulli, general manager of Homesale Settlement Services. After the electronic notarization took place, paperwork was sent electronically to the Lancaster County Courthouse and the deed was recorded and sent back within minutes.

Real estate specialists believe Central Pennsylvania banks will realize the benefits of completing residential and commercial transactions electronically and paperless cash and mortgage real estate transactions will become the norm in the future, Zulli said.

—Eric Veronikis

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