In the spring of 2011, the Office of the Comptroller of the Currency issued consent orders outlining a quality assurance mission for MERSCORP Holdings, Inc. and the nation's largest servicers. The mission was designed to ensure the data accuracy within the MERS^® System could effectively support its role in securitization.

As a result, MERS consolidated the Consent Order to reflect new Member requirements. Today, MERS requires an annual scope of review for MERS General Members. It encompasses a review of the 6 conditions listed on the MERS Annual Report. The core objectives of the 6 conditions listed are answering how a Member supports MERS data integrity requirements and operational procedures.

MetaSource performs MERS Annual Report reviews as the Third Party. We perform a thorough review of a Member's data integrity and operational policies and procedures for the production and execution of a MERS Annual Report. Now with more than half of 2017 in the books and servicers are eyeing that end of year deadline for the MERS Annual Report, here's a look back on the top 8 MERS quality assurance (QA) issues based on our client work over the last six years:

Join us at the Reston Hyatt from June 8-9 to learn the latest about MERS QA and mortgage QC outsourcing services and technology. You will learn about our full suite of MERS quality assurance (QA) auditing services, the latest in servicing quality control (QC) as well as our new lien release service.

Be MERS Audit-Ready All Year Long

MERS QA compliance changes create significant challenges to servicing and sub-servicing members. That is why we've developed a full suite of MERS QA services and technology. These solutions are designed to help every MERS Member become "MERS audit-ready all year long" with impeccable data standards and industry best practices related to the assignment of residential real estate mortgages.

Recently MERS sent an email to all General Members that are listed as the Servicer on 1,000 or more active MINs. This email notification was sent to inform these companies that beginning with the 2017 MERS® Annual Report, MERSCORP Holdings, Inc. will require that all Third Party Reviewers provide their electronic signature on the eAnnual Report.

It's that time of year again: time to complete your annual MERS audit, which has to be complete by December 31.

We know that its a low priority for loan servicers throughout the year but, if you want to avoid completing your MERS audit over the holidays, we recommend that you get started now.

And if you have less than 1,000 MINs and don't want to do it yourself, consider our MERS third-party review service.

MetaSource Mortgage will once again exhibit at the annual Mortgage Bankers Association (MBA) national conference and expo at the Hynes Convention Center from October 23-26.

Stop by to see how MetaSource Mortgage can ensure the accuracy, completeness and compliance of your loans, so that you can concentrate on the core of your business. Specifically, you can learn more about our primary services listed below.

MetaSource Mortgage will exhibit at the Risk Management, QA & Fraud Prevention Forum 2016 that is hosted by the Mortgage Bankers Association (MBA) from September 28-30 in Los Angeles.

Stop by booth #18 to see how MetaSource Mortgage can ensure the accuracy, completeness and compliance of your loans, so that you can concentrate on the core of your business. Specifically, you can learn more about our primary services listed below.

MERS® QA, Trade & Servicing Transaction Management Expert Adds Depth to MetaSource's Portfolio of Mortgage QC Solutions

Salt Lake City, Utah – MetaSource, the leading provider of mortgage quality control (QC) compliance advisory and workflow automation solutions, today announces the acquisition of Denver-based Titan Lenders Corp. This acquisition further strengthens the MetaSource mortgage portfolio of services, specifically by adding depth to its existing MERS and whole loan purchase review audit team and expanding into trade and servicing transaction management services.

While many mortgage loan originators are focused on upcoming TRID rules that go into effect in October 2015, many are unaware of important changes to the Mortgage Electronic Registration System (MERS) rules of membership that include penalties for not adhering to their mortgage registration and transfer requirements.

MCA offers a free webinar on October 17, outlining the new 2014 and existing MERS QC requirements.

New MERS System Procedures Manual becomes effective October 13th

Are you in compliance with MERS QA standards?

New MERS System Procedures Manual takes effect October 13, 2014 and annual re-certifications are due soon for 2015.  To learn more about the changes to MERS policies and procedures as well as MERS QA standards and plan requirements, register today for our upcoming webinar.