Quality Mortgage Services, LLC offers our clients a specialized audit which targets information reported to Mortgage Electronic Registration System (MERS®).

MERS® is a mortgage industry utility which tracks servicing rights for loans registered on the MERS® System. MERS® acts as the mortgagee of record in the public land records and as nominee for the lender and its successors and assigns.

FNMA reiterated its policy (SEL-2011-04) on May 24, 2011 regarding MERS® Fannie Mae requires lenders to report the valid, registered MERS® Mortgage Identification Number (MIN) for mortgages originated with MERS® as the nominee for the mortgagee or assigned to MERS®. Fannie Mae requires that document custodians must be able to identify MERS® registered mortgages; lenders must have controls to readily identify MERS® registered mortgages; MERS® cannot be named as the insured or loss payee on title and property insurance policies; and by delivering the MIN, the lender warrants that the mortgage is properly registered in MERS® and names the lender as the investor.

Data integrity is key to ensuring smooth processes in the sale, transfer and conveyance of the Note or Security Instrument. Let QMS provide you with the comfort that the data reported is accurate and the process conforms to agency requirements.

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