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<a href="http://www.accessmylibrary.com/coms2/summary_0286-27200028_ITM" title="Facts and information about Technology: MERS Initiative Will Reduce Data Entry.(Brief Article)">Technology: MERS Initiative Will Reduce Data Entry.(Brief Article)</a>
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Technology: MERS Initiative Will Reduce Data Entry.(Brief Article)
Three lenders have agreed to provide initial funding for a new MERS product designed to make it easier to convert correspondents and brokers into MERS-ready trading partners.
Greenpoint Mortgage Funding, Resource Bancshares Mortgage Group Inc. and Principal Residential Mortgage have provided funding for a new online system called MERS 1-2-3.
The product includes a Web-based facility for generating Mortgage Identification Numbers, relationships with doc prep companies that ensures the MIN will be accurately represented on the MOM (MERS as Original Mortgage) security instrument, and an interface that allows the current MERS ...
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Source: HighBeam Research, Technology: MERS Initiative Will Reduce Data Entry.(Brief Article)