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Home » Store » Taxable » Electronic Mortgage Registry Urges Quality Control Steps

Electronic Mortgage Registry Urges Quality Control Steps

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The Mortgage Electronic Registry System is urging lenders that use the service to develop “quality assurance plans,” so that no crucial documents are lost as the mortgage industry switches over to this new way of registering real estate interests. One value that MERS is supposed to provide to lenders is eliminating the need to prepare and record assignments when a company sells or buys a beneficial interest or servicing rights from another company. …
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