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MERS Hybrid Conversion Addendum 1134 Municipal Way Lansing, MI 48917 | 800.767.2308 | Fax 517.703.9711www.mersofmich.comI. CONVERSION REFERENCE This conversion addendum is for the ___ (Municipality
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How to fill out mers hybrid conversion addendum

How to fill out mers hybrid conversion addendum
01
Obtain the MERS Hybrid Conversion Addendum form from the appropriate source.
02
Fill in the borrower's name, address, loan number, and other personal information as required.
03
Provide details about the original mortgage, including the date of the mortgage, the amount borrowed, and the terms of the loan.
04
Include information about the new lender or servicer who will be taking over the mortgage.
05
Sign and date the form, making sure all information is accurate and complete.
Who needs mers hybrid conversion addendum?
01
Borrowers who are refinancing their mortgage with a different lender or servicer.
02
Lenders or servicers who are taking over an existing mortgage from MERS.
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What is mers hybrid conversion addendum?
The MERS Hybrid Conversion Addendum is a document used to convert a loan that is registered with the Mortgage Electronic Registration System (MERS) to a traditional loan format. It facilitates the transfer of mortgage servicing rights and ensures proper documentation when the loan is taken out of MERS.
Who is required to file mers hybrid conversion addendum?
The lender or mortgage servicer who is converting a MERS registered loan to a traditional loan format is required to file the MERS Hybrid Conversion Addendum.
How to fill out mers hybrid conversion addendum?
To fill out the MERS Hybrid Conversion Addendum, the filer should provide detailed information including loan numbers, the names of the original and new servicers, and any necessary loan amounts or property details. It is important to follow the provided instructions thoroughly to ensure compliance.
What is the purpose of mers hybrid conversion addendum?
The purpose of the MERS Hybrid Conversion Addendum is to properly document the transition of a mortgage from MERS to a traditional loan setup, ensuring that all mortgage servicing rights and obligations are accurately recorded and tracked.
What information must be reported on mers hybrid conversion addendum?
The information that must be reported on the MERS Hybrid Conversion Addendum includes loan identifiers, servicer details, borrower information, property information, and any relevant dates such as conversion or transfer dates.
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