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CHARLOTTE-MortgageRamp is contracting with Banc of America Securities, GMAC Commercial Mortgage and Archon Financial to provide the lenders with speedy customized and automated commercial loan work through its newly created DealCentral platform. Contract terms weren’t disclosed.

“This isn’t just an off-the-shelf ASP solution,” MortgageRamp president Michael Greco says in a prepared statement. “With Banc of America Securities, GMACCM and Archon Financial, we are not only supporting three of the largest lenders, we are expediting the way every broker and financial institution does business with them.”

Greco says DealCentral allows lenders to reduce paperwork, data input errors, copying and shipping costs, administrative overhead and the time necessary for submitting, packaging and delivering loans.

In the same statement, Banc of America managing director Mike Malone says his company “needed a system that could be scalable, permance based and cost effective.”

Banc of America Securities is a subsidiary of Charlotte-based Bank of America Corp. GMAC Commercial Mortgage, based in Horsham, Pa, is a wholly owned subsidiary of GMAC Commercial Holding Corp. Archon Financial, headquartered in Dallas, is a wholly owned subsidiary of Goldman Sachs Group Inc. of New york.

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