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MERSCORP Holdings, Inc. Releases Video Explaining the Benefits of eMortgages and eNotes

FOR IMMEDIATE RELEASE

CONTACT: Janis Smith
Phone: 703-738-0230
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Reston, Virginia, May 22, 2017—MERSCORP Holdings, Inc. (MERSCORP Holdings) today released an educational video explaining the benefits of transitioning from an all paper mortgage process to electronic mortgages (eMortgages) and electronic notes (eNotes). 

The video illustrates the revolutionary eMortgage process from electronic disclosures to electronic vaults, and highlights benefits for borrowers, lenders, warehouse lenders, servicers, document custodians, and investors. Decreased closing costs, more informed borrowers and improved risk management are just a few of the benefits mentioned in the video.

As the operator of the MERS® eRegistry, MERSCORP Holdings has seen a sharp increase in the mortgage industry’s interest in this more user friendly approach, with MERS® System Member organizations focused on providing convenience to borrowers. “With 17 million first-time homebuyers entering the market over the next five years and the majority of them being between the ages of 20 to 39, the mortgage industry must evolve with borrower’s needs and leverage their positive association with technology by using the tools available,” said Brendon Weiss, Chief Operating Officer, MERSCORP Holdings, Inc.

MERSCORP Holdings has been a provider of eCommerce solutions for the mortgage industry for twenty years. The company developed this video to help borrowers and mortgage industry participants understand the benefits that can be appreciated when using eMortgages and eNotes, and the resources available to assist them with making eMortgages a reality for their organizations.

To learn more, visit www.mersinc.org/mers-eregistry.

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MERSCORP Holdings, Inc. is a privately held corporation that owns and manages the MERS® System and all other MERS® products. Users of the MERS® System include thousands of lenders, servicers, sub-servicers, investors and government institutions. Mortgage Electronic Registration Systems, Inc. (MERS) serves as the mortgagee in the land records for loans registered on the MERS® System, and is a nominee (or agent) for the owner of the promissory note. The MERS® System is a national electronic database that tracks changes in mortgage servicing and beneficial ownership interests in residential mortgage loans on behalf of its members.

 

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