EPIC Launches Secure Loan Payoff and Lien Release Platform
EPIC announced the launch of its National Loan Payoff Clearinghouse, a new, secure financial infrastructure designed to facilitate and standardize the exchange, processing and settlement of loan payoff and lien release transactions.
In a release, executives say traditional, manual workflow-dependent payoff processing is prone to errors, high costs and long delays.
“The National Loan Payoff Clearinghouse addresses one of the most persistent structural inefficiencies in the industry,” writes EPIC CEO Brandon Hall. “By creating trust and uniformity across all parties involved in the loan payoff process, the NLPC provides a secure and reliable national framework that enables loan payoff transactions to move more efficiently and liens to be released more effectively.”
