The mortgage Digital Registration Program (MERS) are a database produced by the mortgage banking community. A private electronic registry out-of mortgage loans originated from the us, they tracks transmits away from and you will variations to servicing legal rights and you will ownership of your fund. It is employed by the true estate loans business to own residential and you will commercial home loan recording change.

MERS, which also is the physically stored business you to manages this new database, is eligible by the for example regulators-backed businesses given that Federal national mortgage association (Fannie mae), the newest Government Home loan Home loan Firm (Freddie Mac computer), while the Bodies Federal Financial Organization (Ginnie Mae), collectively wth eg government providers just like the Government Homes Administration (FHA) in addition to Agencies from Experts Management (VA) that are in construction loans. The brand new California and you will Utah Construction Financing Enterprises and all of biggest Wall surface Path rating enterprises use it also. Lees verder →