eRelease® enables mortgage servicers to create and record lien release documents for loans at the end of their lifecycle. eRelease® improves efficiency, shortens timelines, reduces risk and lowers costs for servicers utilizing the system.
eRelease’s Web-based solution incorporates the industry’s most robust property records database and data capture capabilities to significantly reduce timelines and costs through online lien release creation and recordation. Its Six-Sigma-influenced system design helps eRelease® prevent many common errors and maximize data integrity.
Increase Efficiency and Shorten Timelines
eRelease® streamlines the lien release process, enabling servicers to expedite payoffs. Benefits include:
- Integration with MSP for automatic order placement when loans pay off and feedback of status data to MSP for customer service needs
- Integration with LPS Desktop Invoice Management enables servicers to manage advanced recording fees and provide monthly electronic invoices
- eRecording-enabled for counties that support electronic recording
- Accurately collects and reports recording fees from consumers using LPS’ proprietary Recorder Information Database™ (RID™)
- Instantaneous information delivery through online processing pipeline and tracking dashboard
- Robust Client Care Web site provides real-time loan level status and links to images
Minimize Risk While Reducing Costs
eRelease® also enables servicers to minimize risk, enhance legislative compliance and reduce related expenses.
- Consistently delivers 99.8 percent compliance rates for managed lien release projects
- Reduces exposure to penalties, lawsuits and other risks
- Proactively follows up with counties to confirm lien release recordation
- Mails documents to the county using a two-day traceable shipping method
- Drastically reduces document-search costs through access to LPS’ data repository
Custom Service Levels
Clients benefit from a choice of service level depending on their business needs. Service levels range from using eRelease’s Web-enabled technology in-house to outsourcing all lien-related work to LPS Document Solutions, or deploying a combination of both.
Streamline your lien release creation and recordation process today. Call 888.DOCX.NET (888.362.9638) or e-mail us at info@docx.com today.