Mers ServicerID | FORECLOSURE FRAUD | by DinSFLA

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MERS BULLETIN: Re-Title the Transfer to Non-MERS Member, MERS® ServicerID Modifications, Borrower SS# Needed for Investor Disclosure…etc.

MERS BULLETIN: Re-Title the Transfer to Non-MERS Member, MERS® ServicerID Modifications, Borrower SS# Needed for Investor Disclosure…etc.


The MERS® System is being enhanced effective September 6, 2011.

Existing batch interfaces that you or your technology provider may have installed will continue to function properly, but you must use the new file layouts to take advantage of the enhanced functionality. Some report file layouts have changed.

[ipaper docId=64182385 access_key=key-derj4j31q6um70iis5k height=600 width=600 /]

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Posted in STOP FORECLOSURE FRAUDComments (1)

MERS Expands Website To Disclose Loan Investor Information

MERS Expands Website To Disclose Loan Investor Information


RESTON, Va.–(BUSINESS WIRE)–

July 16, 2010 12:54 PM Eastern Daylight Time 

MERSCORP, Inc. (MERS) announced today that investor information for loans registered on the MERS® System is now available to borrowers at no charge.

Through the MERS® ServicerID website (www.mers-servicerid.org), both servicer and investor information are now displayed. The added investor information is an expansion of the MERS® InvestorID program launched in June 2009, which mails a notice to borrowers when the identity of their loan’s owner or investor changed.

“MERS is an enthusiastic supporter of President Obama’s goal to bring more transparency to the mortgage banking process,” said MERS President & CEO R.K. Arnold. “I am pleased that we now have the capability to show the identity of a loan’s owner or investor to whomever wishes to see that data.”

The expanded MERS InvestorID program is an opt-out system which displays investor information on all MERS-registered loans unless the investor has specifically opted out of disclosure (servicer information will continue to be displayed). If a borrower wishes to find the investor on a loan with an opted-out investor, they can do so by sending a written request to their servicer for the information.

“Now both servicer and investor information are readily available to the public,” said Arnold. “Consumers and lenders want and need greater transparency and that’s what MERS is delivering.”

About MERS

MERS is an electronic loan registry created by the real estate finance industry to eliminate assignments when trading mortgage loans. Borrowers name Mortgage Electronic Registration Systems, Inc. as mortgagee and nominee for the lender on deeds of trust and mortgages that are recorded in the county land records. Lenders then register the loans on the MERS System and electronically track changes in servicing and beneficial ownership rights over the life of the loan. To learn more about MERS, visit www.mersinc.org.

MERSCORP, Inc.
Karmela Lejarde, 703-761-1274
karmelal@mersinc.org

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Posted in discovery, MERS, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., R.K. Arnold, robo signers, STOP FORECLOSURE FRAUDComments (1)


GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
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