Titan Lenders Corp Adds MERS Integration to Cerberyx Platform

Mortgage Back Office Outsource Provider Automates MERS Registration and Transfer

DENVER--(BUSINESS WIRE)--Titan Lenders Corp, a mortgage back office fulfillment services provider specializing in closing, funding, and post closing services has integrated the MERS® System with its Cerberyx platform, automating both the registration and transfer of mortgage loan assignments for its customers.

“The integration of the MERS® System with the Cerberyx platform will be a great benefit to Titan’s users, giving them a more seamless and user-friendly experience between the two systems”

The MERS® System/Titan Lenders Corp integration eliminates the need for lenders to manage the time-consuming and detail-intensive process of registering or transferring records on the MERS® System during the post-close and fulfillment stages. Automated within Titan Lenders Corp’s Cerberyx platform, the integration with the MERS® System 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. Lenders using MERS through Titan’s Cerberyx platform are free from concerns related to erroneous registrations.

“Proper execution of the MERS registration is the last thing that a mortgage lender should have to micromanage,” said Titan Lenders Corp vice president Dacia Donohue. “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.”

“The integration of the MERS® System with the Cerberyx platform will be a great benefit to Titan’s users, giving them a more seamless and user-friendly experience between the two systems,” said Dan McLaughlin, Executive Vice President for MERS. “We are pleased to be working with Titan Lenders Corp in their efforts to provide a better experience for their customers.”

About Titan Lenders Corp

Titan enables mortgage bankers, brokers and investors to decrease risk, increase closing capacity, reduce errors and protect loan profitability by outsourcing process-intensive back office functions while focusing on productive origination strategies. For more information about Titan Lenders Corp, contact Mary Kladde at [e-mail].

About MERS

MERS is a utility launched by the mortgage banking industry to streamline lending practices. In support of this mission, MERS operates several products that eliminate paper from the lending process. In addition to the MERS® eRegistry, the company also established the MERS® System, an electronic loan registry that eliminates the need for assignments when trading mortgage loans, as well as MERS® Commercial, which performs the same task for the CMBS marketplace.