CIBC deploys MortgageRamp's DataCentral

CIBC deploys MortgageRamp's DataCentral

CIBC Mortgages, a subsidiary of the Canadian Imperial Bank of Commerce, has become the first international client to implement MortgageRamp's DataCentral system for its commercial mortgage processing.

DataCentral is an online solution which combines a transaction management product suite and a secure connectivity platform to automate and streamline each step of the commercial loan process.

Don Matthews, manager, origination for CIBC Mortgages, says the platform will connect to the bank's existing mortgage system and will siginificantly increase its capacity to process mortgages, in both French and English.

CIBC joins a list of industry heavyweights currently using DealCentral including Fannie Mae, LJ Melody, GMACCM and Deutsche Bank.

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