Realty Data Corp. Unveils Technology to Automatically Convert Image Content to Text

March 1, 2005

OCR software eliminates re-keying of data from title report process

Optical Character Recognition software eliminates re-keying of data from title report process

Garden City, N.Y., – Realty Data Corp. (RDC), a provider of electronic abstracting services to the title and settlement service industries, has incorporated optical character recognition (OCR) technology into its title search application. The new feature further reduces time spent on re-keying data from document images retrieved during title searches, which must then be included with the title report.

In the past, title searchers were forced to re-type the information from those documents into a title report. In contrast, the new OCR feature automatically converts to text the image of the document retrieved during an electronic title search. The searching professional can then cut and paste – rather than type – the relevant text into the title report, saving valuable time and cost. This can be immensely valuable when converting lengthy legal descriptions.

“The no-hands conversion of image to text is another step forward for users of the RDC software,” said Bill Welge, president of Realty Data Corp. “OCR trims valuable time during the process of conducting a title search. Using a cut and paste mechanism also reduces transposition errors common to the re-keying process.”

The OCR technology is available in more than 50 counties, through Realty Data’s grantor/grantee search application.

Source: Realty Data Corp.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.