and Cyberlink Software Solutions
have enhanced the eRAMP bulk loan integration with MERS to drastically reduce the time spent registering and transferring rights of loans. This enhancement allows for bulk MERS transaction processing for all transaction types and instant loan registration and confirmation in one session. By eliminating the need to register loans one by one to MERS, lenders gain tremendous time savings and eliminate errors. In addition to loan registration, confirmation dates for all registered loans along with all three types of transfers of rights will then automatically populate back into LendingQB’s MERS status dates. An optional confirmation report is available to upload into lendingQB’s eDocs.
“It doesn’t matter if these bulk transfers are as few as one loan or thousands of loans,” said David Colwell, Vice President of Strategy at LendingQB. “Not only does it save lenders time, this automation absolutely removes the possibility of human error in the process, ensuring that lenders can hit their deadlines with no issue.”
Greg Uttal, President of Cyberlink Software Solutions, said, “With all the eRAMP versions released since 2003, we are always most excited when we bring new features with immense automation and time savings to our clients. Our technology goal is always more business and less work for our clients. With our integration to LendingQB, that’s mission accomplished.”