Whats is the function of MERS (Mortgage Electronic Registrat

ravik · Joined: 07 Sep 2007 Posts: 22 10.42 Dollars($)

i have no idea what MERS is and what its function is. But i have seen MERS in quite a few mortgage documents. So i would really appreciate if someone can throw some light on MERS (in layman terms)

Thanks
Ravi

larry · Joined: 27 Jun 2007 Posts: 3328 473.40 Dollars($)

Hi ravik,

I think MERS is a process that actually simplifies the way of mortgage ownership. This has been created by the real estate finance industry.

Best of luck,
Larry

0.10 Dollars($)

straight from the guidelines:

Mortgage Electronic Registration Systems (MERS) is a national loan registry for electronic tracking of beneficiary and servicing rights, established to eliminate paper assignments; thus, eliminating missing, mis-recorded and erroneous loan assignments.

i hope this is of assistance.

gmakerley · Posted: Wed Jan 09, 2008 1:04 pm Post subject:

that was me above; i thought i was logged in

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