MERS

Mortgage Electronic Registration System (MERS) is a national database offering free public access to information about the servicer for registered mortgages. Real Estate finance industry (Residential and Commercial mortgage loan trading) uses this simplified process to track the ownership and servicing rights. It has been accepted and approved by Fannie Mae, Freddie Mac, Ginnie Mae, FHA & VA and all major Wall Street rating agencies. It allows Lenders to check the history of mortgages taken…