AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Electronic Registry Signs Up Five Commercial Servicers.(Brief Article)
MERS, the industry-owned utility for tracking ownership interests in home loans and servicing rights, has announced that five major lenders are providing initial funding for an electronic registry to track interests in commercial mortgage loans.
Wells Fargo, Bear Stearns, Banc of America, GE Capital and GMAC helped finance the project, and MERS said it will begin development in September on MERS Commercial.
The venture is endorsed by the Commercial Mortgage Securities Association and the Mortgage Bankers Association of America.
MERS says the electronic registry will allow originators of commercial mortgage loans and issuers of securities backed by the loans hundreds of dollars per loan in assignment preparation and recordation costs.
MERS also said that participants will benefit from having access to a standardized final ...
- Market Participants Had Been Anticipating MERS Commercial's Launch.
- Magazine article from: National Mortgage News Thangavelu, Poonkulali August 4, 2003 700+ words
The Mortgage Electronic Registry System will benefit commercial users by eliminating the need...Administration & Technology Conference here. Even before MERS commercial's official launch, six firms - Bear Stearns, Bank of America...
- Commercial Gets A Turn: MERS' commercial registry is currently up and running...
- News wire article from: Mortgage Line Thangavelu, Poonkulali July 28, 2004 700+ words
MERS (Mortgage Electronic Registry System), launched in 1997 to support residential mortgage...The MERS system in question essentially functions as an electronic registry and enables borrowers to actually name MERS as the mortgagee...
- Commercial Gets A Turn: MERS' commercial registry is currently up and running...
- Magazine article from: Mortgage Technology Thangavelu, Poonkulali July 1, 2004 700+ words
MERS (Mortgage Electronic Registry System), launched in 1997 to support residential mortgage...The MERS system in question essentially functions as an electronic registry and enables borrowers to actually name MERS as the mortgagee...
- MERS Commercial Gets Started with Bank of America Loan.
- Magazine article from: National Mortgage News August 4, 2003 700+ words
MERS Commercial has officially opened for business, with a $300 million loan closed...Document Integrity Task Force in order to facilitate the creation of MERS Commercial and other similar projects. Copyright 2003 Thomson Media Inc. All...
- Ginnie Mae Plays Leadership Role in MERS Initiative.
- Magazine article from: Mortgage Servicing News December 1, 2003 700+ words
...officials have demonstrated in supporting MERS Commercial. Membership in MERS Commercial is required for registering loans. MERS Commercial is an electronic registry designed to eliminate the repurchase...
- OuterBounds Technologies, Inc. Signs Application Hosting Contract with...
- Press release article from: Business Wire August 15, 2002 700+ words
...entered into an agreement to provide Electronic Registry Systems, Inc. its ISV managed...Industry. Established in 1989, Electronic Registry Systems has been entrusted with...said Ashok Ramaswamy, president of Electronic Registry Systems. "With quick response...
- MERS Near 50% Market Share.(Mortgage Electronic Registry System)
- Magazine article from: Mortgage Servicing News Cornwell, Ted May 1, 2004 700+ words
Executives at the electronic registry that tracks ownership of...the loans is done on the electronic registry. Last month, Mr. Arnold...average, registration on the electronic registry saves $22 any time an assignment...
- Alberta creates electronic registry for personal directives
- Magazine article from: Canadian Medical Association. Journal McLaren, Christie March 31, 2009 700+ words
...put even a small amount of personal information in an electronic registry. Traditionally, Scholly's clients have left living...Canadian province to establish a 24-hour, province-wide electronic registry for health directives, advanced care directives and living...
