MERSCORP Holdings, Inc.
The MERS® System is a national electronic database that tracks changes in mortgage servicing rights and beneficial ownership interests.
Overview
MERSCORP Holdings, Inc. owns and operates the MERS® System, a national electronic registry that tracks the servicing rights and ownership of mortgage loans in the United States. The system was created to streamline the mortgage process by eliminating the need to record assignments of mortgages in the public land records every time a loan is sold or transferred. By acting as the mortgagee of record in the county land records, MERS allows for the electronic transfer of mortgage rights, which can save time and money for lenders. The MERS® System is a critical piece of infrastructure for the secondary mortgage market.
✨ Key Features
- MERS® System
- eRegistry for eNotes
- Mortgage Identification Number (MIN)
- Data and Reporting Services
- Fraud Detection Tools
- Compliance and Risk Management
🎯 Key Differentiators
- The only national electronic registry for tracking mortgage rights.
- A critical piece of infrastructure for the secondary mortgage market.
- A large and diverse membership of lenders, servicers, and investors.
Unique Value: Provides a more efficient and cost-effective way to track and transfer mortgage rights, which is essential for the functioning of the secondary mortgage market.
🎯 Use Cases (4)
✅ Best For
- Streamlining the process of buying and selling mortgages on the secondary market.
- Reducing the costs and delays associated with recording mortgage assignments.
- Providing a single source of truth for the ownership and servicing of mortgage loans.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- End-to-end loan origination
- Loan document generation
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Varies tier)
🔒 Compliance & Security
💰 Pricing
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