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MERS and EDS Renew Contract.(Brief Article)
EDS has renewed a pair of contracts valued at over $50 million for information technology and business process outsourcing services with Mortgage Electronic Registration Systems, Inc., better known as MERS.
"We are working with EDS to move the mortgage industry toward a paperless environment by creating a universal system for electronic mortgage registrations and tracking of ownership," said R.K. Arnold, president and CEO of MERS.
"Our long relationship with EDS has helped us become an essential player in streamlining the mortgage process, and will help us develop new e-commerce markets in the future. Our goal is to register every mortgage loan in the U.S. on the MERS system."
The first agreement is a seven-year renewal for leveraged customer relationship management services.
Under terms ...
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Source: HighBeam Research, MERS and EDS Renew Contract.(Brief Article)