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CMBS Players Back Registry for Commercial Loans.(commercial mortgage backed securities)
MERS saw the MBA convention, with its commercial track, as an opportunity to meet potential funding partners as well as to "start laying the groundwork for MERS commercial, to start talking about it and see where it is coming."
Douglas Danko, MERS' director of sales and marketing said, "Anytime you can get people together that potentially can use MERS sometime, somewhere in their lives, it is an opportunity for us to throw a big net out and hopefully catch a lot of fish."
Having lined up six funding partners for its MERS CMBS registry, MERS recently had a meeting at its McLean, Va. location to develop a draft set of business specifications for the adaptation of the current residential Mortgage Electronic Registry System to the CMBS process.
Bill Hultman, a senior vice president with MERS Corp. said that the meeting included the six funding partners, as well as representatives of other parties interested in the CMBS registry.
MERS expects to refine the business specifications that they have come up with into file form over the next couple of weeks so that they are ready by the time of the MBA's annual convention.
After that, they will turn over the specifications to their technology partner, Electronic Data Systems, to let them do the actual coding and changes to the existing MERS system that would be required to ...
- MERS Will Tout Commercial Initiative at the MBA Show.
- Magazine article from: National Mortgage News October 21, 2002 700+ words
...meet potential funding partners as well as to...groundwork for MERS commercial...lined up six funding partners for its MERS CMBS registry...president with MERS Corp. said...included the six funding partners, as well as...
- MERS: every commercial loan needs a MOM. (Commercial).(Mortgage Electronic...
- Magazine article from: Mortgage Banking Schiavo, Deborah A. Smuckler, Gary S. Liu, Henry January 1, 2003 700+ words
...securities (CMBS) industry. Here's what MERS Commercial has to offer, and the obstacles...Electronic Registration Systems Inc. (MERS), Vienna, Virginia. It is a system...streamline the mortgage loan process by having MERS act as a single mortgagee of record, thereby...
- MERS Launches the MERS eRegistry.
- Press release article from: Business Wire April 26, 2004 700+ words
...Va.--(BUSINESS WIRE)--April 26, 2004 MERS proudly announces the launch of the MERS(R) eRegistry, a system of record that identifies...said R.K. Arnold, President & CEO, MERS. "Although it will take many years for the industry...
- MERS eRegistry Provides a 'System of Record' for Registered eNotes.
- News wire article from: Mortgage Line Thangavelu, Poonkulali June 2, 2004 700+ words
There was MERS residential, MERS commercial, and now there is MERS eRegistry, the latest MERS offering that imparts a touch of high technology to the mortgage world. The eRegistry is "a system of record that identifies the owner and custodian...
- MERS Temporarily Halts Foreclosures in Florida.
- Magazine article from: National Mortgage News Cornwell, Ted September 26, 2005 700+ words
...Registration Systems, more widely known as MERS, has asked its members to temporarily suspend foreclosure actions in the name of MERS in Florida pending the appeal of an adverse...ruling, Judge Walt Logan claimed that MERS does not have standing to act as a plaintiff...
- MERS Accepts E-Sign PDFs.
- News wire article from: The America's Intelligence Wire February 19, 2007 700+ words
...on how to e-sign PDFs in a manner that MERS will accept them as binding e-notes...out R.K. Arnold, president and CEO at MERS. "One of the requirements when e-notes...The question we were getting was is the MERS system ready to accept PDF? The answer...
- MERS, Inc. announces marketing alliance with Stewart Title.
- Press release article from: Business Wire November 1, 1996 700+ words
...Electronic Registration Systems, Inc. (MERS) announced the formation of a strategic...alliance to accelerate the early usage of MERS by the mortgage finance industry. Stewart...Partners Ltd., and MGIC will jointly market MERS through their established sales and marketing...
- MERS aids electronic mortgage program. (Mortgage Electronic Registration...
- Magazine article from: Mortgage Banking Schneider, Howard January 1, 1997 700+ words
...servicing rights is set for an April 1997 rollout. The MERS system, a joint industry venture, offers the...Mortgage Electronic Registration Systems, Inc. (MERS). Knutson Mortgage is one of MERS' charter members, and Hebl recalls thinking...
- MRG Joins MERS(R) 1-2-3 Family of Document Preparation Providers.
- Press release article from: Business Wire August 15, 2006 700+ words
...available to users through a direct interface with MERS(R) 1-2-3. The new interface between MERS 1-2-3 and MRG provides correspondent lenders...a Mortgage Identification Number (MIN) and MERS as Original Mortgagee (MOM) documents...
- 15 Millionth Loan Registered on the MERS System.
- Press release article from: Business Wire May 5, 2003 700+ words
...registered the 15 millionth loan on the MERS(R) System on April 30. "We are extremely...to be part of this notable occasion for MERS," said Gary Malis, Chief Financial Officer...for First Magnus. "Since we began using MERS, it has saved First Magnus both time and...
Source: HighBeam Research, CMBS Players Back Registry for Commercial Loans.(commercial mortgage...