Today’s financial services industry depends on technological innovations to provide its customers with access to information, increased efficiency and reduced processing costs. MERSCORP Holdings, Inc. owns and operates the MERS® System, a national electronic registry system that tracks the changes in servicing rights and beneficial ownership interests in mortgage loans that are registered on the System.
The MERSCORP Holdings, Inc. Media Room provides press contact information and facts about the company and its subsidiary, Mortgage Electronic Registration Systems, Inc. (MERS). These materials are provided to help national, regional and local media better understand the companies' business model and role in the U.S. housing finance system.
The high volume of foreclosures in recent years created a strain for many muncipalities as they struggled with the issue of unmaintained vacant properties. To assist them in locating the parties responsible for maintaining these types of properties, homeowners and government entities should first reach out to their servicer. In addition, MERS® System Members can enter property preservation contacts for each loan registered on the system.