Lien Release Preparation and Recording Service provides mortgage and home equity loan servicers with a solution to outsource the preparation, recording and tracking of lien releases, satisfactions and/or re-conveyances (collectively referred to as “release(s)” in this positioning document) within the required regulatory time constraints.
Lien Release Preparation and Recording Service is a customized outsourcing solution that can include any or all of the following processes:
Prepare the appropriate release document using recording information provided by the servicer
Provide research services for any or all documents where the servicer does not have the recording information
Calculate recording fees and remit funds for recording the document
Mail documents for recording or record electronically where available
Track the recording of the document to assure it is properly recorded
Return the recorded document to the servicer or the servicer’s customer after recording
