Titan Lenders Corp., a mortgage back-office fulfillment services provider specializing in closing, funding and post-closing services, has integrated the Mortgage Electronic Registration System (MERS) with its Cerberyx platform, automating both the registration and transfer of mortgage loan assignments for its customers.
The MERS/Titan Lenders Corp. integration eliminates the need for lenders to manage the time-consuming and detail-intensive process of registering or transferring records on MERS during the post-close and fulfillment stages, says Titan Lenders Corp. Automated within Titan Lenders Corp.'s Cerberyx platform, the integration with MERS is based on specific trigger points in the loan file.
Unlike MERS registration capabilities found in most loan origination systems (LOS), the Titan Lenders Corp. integration not only registers the loan but also validates the assigned mortgage identification number.
‘Proper execution of the MERS registration is the last thing that a mortgage lender should have to micromanage,’ says Dacia Donohue, vice president of Titan Lenders Corp. ‘Integrating MERS with the Cerberyx platform is another example of how back-office outsourcing can enable lenders to access automated tools and industry expertise that perfect their processes affordably.’
Source: Titan Lenders Corp.