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MERS language has been inserted as Blue thereafter Recording Return To:[Space Above This Line For Recording Data×MORTGAGEDEFINITIONSWords used in multiple sections of this document are defined below
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MERS stands for Mortgage Electronic Registration Systems, Inc. It is a separate entity established to streamline the mortgage process by electronically tracking ownership changes.
Lenders, servicers, and investors in the mortgage industry are required to file with MERS.
To fill out MERS, companies must register with the system and input all relevant information regarding mortgage ownership.
The purpose of MERS is to provide a centralized registry for tracking mortgage ownership changes and streamlining the transfer process.
Information such as the current owner of the mortgage, any previous owners, and details about the loan must be reported on MERS.
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