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eRelease
A Flexible Lien Release Solution
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.
• 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.
• Reduces exposure to penalties, lawsuits and other risks