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What is Mers?
- Mortgage Electronic Registration Systems, Inc. (MERS) is a wholly-owned subsidiary of MERSCORP Holdings, and its sole purpose is to serve as mortgagee in the land records for loans registered on the MERS ® System.
About MERS Frequently Asked Questions | MERSINC
www.mersinc.org/about/faqWhat is a MERS Min?
- The MIN, which is required by the Procedures to appear on various recorded documents, such as mortgages naming MERS as the mortgagee, MERS assignments and lien releases, enables one to identify a recorded mortgage to a mortgage loan registered on MERS® System.
MERS System Procedures Manual
www.theice.com/publicdocs/MERS_System_Procedures.pdfWhat is Mers ServicerID?
- MERS®ServicerID An online tool that allows the public to obtain contact information for the current Servicer, and optionally Investor, of a loan registered on MERS®System upon verification of certain identifying information related to the loan.
MERS System Procedures Manual
www.theice.com/publicdocs/MERS_System_Procedures.pdfWhat reports Does MERS®system provide?
- MERS®System provides monthly reconciliation reports, daily mismatch and confirmation reports, and on- request reports to help a Member verify that its transactions are processed correctly, and the data on MERS®System matches its System of Record. • Reports reflect the previous day’s processing and are not real-time, ad hoc reports.
MERS System Procedures Manual
www.theice.com/publicdocs/MERS_System_Procedures.pdf