The MERS System is a comprehensive electronic database designed to streamline the management of mortgage servicing rights and beneficial ownership interests in residential real estate loans. By serving as the mortgagee of record, MERS eliminates the need for certain paper assignments, thereby reducing costs and preventing breaks in the chain of title. This system facilitates a more efficient, paperless process for mortgage transfers and servicing. Key Features & Benefits

• National Electronic Database: Tracks changes in mortgage servicing rights and beneficial ownership interests across the U.S.
• Cost Reduction: Eliminates the need for certain paper assignments, reducing associated costs.
• Streamlined Process: Provides a paperless process for transferring mortgage rights, enhancing efficiency.
• MERS eRegistry: Acts as the legal system of record for identifying the holder and custodian of the authoritative copy of a registered eNote.
• MERS eDelivery: Offers a secure method for distributing documents in various electronic formats, ensuring transaction security.