MetaSource Mortgage Blog

MERS QA 2018 Challenges: Poorly Documented Default Triggers and Turnover

Monday, March 25, 2019

MERS QA 2018: Servicers Struggle to Document Foreclosures and Bankruptcies, Monitor Subservicer

The documentation of default triggers for foreclosures and bankruptcies, subservicer compliance, and turnover among staff with MERS responsibilities were among the top challenges for MERS QA in 2018, according to a MetaSource analysis of its third-party audits for compliance with MERS® quality assurance guidelines.

The audits include a thorough review of a MERS member's operational policies and procedures as part of preparation for the required MERS eAnnual Report.

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New MERS Reconciliation Feature Allows Instant Updates

Thursday, March 14, 2019

New MERS Reconciliation Feature Allows Instant Updates

For too many servicers, reconciling mortgage data for MERS eQA requirements is a job they have come to dread.

With so much information to be reconciled across a thicket of often mismatched fields, it can be tempting to put off those monthly or quarterly tasks and assume you’ll get to it by the end of the year. But even for servicers with fewer than 1,000 loans a month to process, timely and consistent reconciliation is essential for avoiding trouble when it's time to file the MERS e-annual report – which can be a challenging effort even when you're well prepared.

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Product Development Director Has a Passion for Streamlining Mortgage Processes

Tuesday, March 12, 2019

Product Development Director Has a Passion for Streamlining Mortgage Processes

At MetaSource, we are committed to providing the technology and expertise that makes things easier for our clients in the mortgage industry.

Nowhere is that commitment stronger than in the work of our product development team members, who are tireless in their efforts to find an easier way to do just about everything.

This month, as we introduce the latest features of a product that has dramatically simplified the tedious work of reconciling mortgage data between multiple systems, we’d like to introduce the team member whose dedication and obsession with user-friendly processes has given us the industry-leading technology for the reconciliation of mortgage data with the MERS system.

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