mers marketing kit 2016 d007237bcc273 - fhlbdm.com
TRANSCRIPT
www.mersinc.org
BENEFITS WITH MERS AND THE MERS® SYSTEM
WHO ARE WE?
companies, insurers, investors, county recorders and consumers.
homeowners and lenders.
What is the MERS® System?The MERS® System is the national electronic database that tracks transfers in mortgage servicing rights and beneficial ownership interests in loans secured by residential real estate recorded in the name of MERS in applicable land records.
MERS as Original Mortgagee (MOM)Fannie Mae, Freddie Mac, VA, FHA, Ginnie Mae, the
Federal Home Loan Bank MPF®, many state housing
MOM MAKES IT WORK
record assignments when trading loans. Lenders name
recorded in the county land records. Lenders then register
the loan.
HOW MERS AND THE MERS® SYSTEM WORK FOR YOUStep 1:
Step 2:
Step 3:
MERS® OnLine:
MERS® System Membership
MEMBERSHIP TYPESGeneral Membership: For lenders that typically service
Lite Membership: For lenders that originate and sell loans
Patron Membership:
MEMBERSHIP FEES
annual renewals are billed based on the anniversary date
How MERS WorksAt closing, borrower
signs a mortgage and
and its successors and
assigns in the
mortgage.
Lender records the mortgage in the
on the MERS® System.
Lender sells the note; the MERS® System
® System occur because the
name.
Borrower looks up
® System Member,
occur because the
name.
MERSCORP Holdings, Inc. SupportRegional Sales Directors:
Website (www.mersinc.org):
products and services.
their business and technical environments.
Help Desk:
WHAT IS THE MERS® SYSTEM MEMBERSHIP PROCESS?
Call us today to talk about resources, education and information to help you get started!Mark Roberge, Vice President and
,
Ron Crowe,
Bob Pathman,
MERS® System FAQsQ. What is MERSCORP Holdings,
Inc.?
that owns and manages the
subservicers, investors and
Q. What is MERS?
its sole purpose is to serve as
a mortgage loan and serves as a
industry.
Q. What is the MERS® System?
electronic database that tracks
changes in mortgage servicing
interests in loans secured by
MERS as Mortgagee?
mortgage loans included in
credit support.
Q. Can MERS operate in all 50
states?
Member?
is risky, registering mortgage
mortgagee also reduces paperwork
when you decide to sell servicing
Q. How can I become a MERS®
System Member?
page on www.mersinc.org to
contact your regional director
directly.
companies?
A. For loans registered on the
MERSCORP HOLDINGS CUSTOMER DIVISION
SALES REGIONS
Northern Region
Laurinda Clemente
978-337-6892
C
OR
Western Region,
Bob Pathman, 818-932-9800
Central Region,
Mark Roberge, 630-377-1666
Southeast Region,
Ron Crowe, 205-477-5643
04 01 2013
OR
CA
WA
NV
UT
ID
MT
WY
CO
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
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KY
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MS AL GA
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VAWV
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RICT
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