Mortgage registry MERS cleaned up act, CEO Bill Beckmann says

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Mortgage registry MERS cleaned up act, CEO Bill Beckmann says

Mortgage registry MERS cleaned up act, CEO Bill Beckmann says

Foreclosing was never an important part of the (MERS) business model,” he said. “Rather than facilitate the process, it led to more confusion.”

Better question is how did MERS clean up the forged docs?

OC Register-

Until the foreclosure crisis, most people had never heard of the Mortgage Electronic Registry Systems, or MERS. Then MERS surfaced amid accusations that it was a key villain in the loan crisis. Critics maintained it operated an electronic smokescreen to shield lenders from the borrowers, while helping banks cut corners on foreclosures.

The registry, critics claimed, wrongly foreclosed on lenders’ behalf and operated a system riddled with inaccuracies.

[OC REGISTER]

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2 Responses to “Mortgage registry MERS cleaned up act, CEO Bill Beckmann says”

  1. Sarah says:

    Obscure with technology, no one will know. The code of MERS.

  2. Joe says:

    Cleaned up there act. Hold on I can’t stop laughing ha ha ha he he ha he ha he ha he ha he ha ha he ha he ha he ha what a joke.

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