MetaSource Mortgage Blog

New MERS Penalties for Mortgage Registration & Transfers

Tuesday, July 14, 2015

Mortgage Electronic Registration System (MERS) Logo

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.

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