MetaSource Mortgage Blog

Learn, Connect and Lead: Join MetaSource at MERS User Conference

Tuesday, April 30, 2019

MERS User Conference and e-Mortgage Boot Camp

Collaboration and innovation are the themes of this year's MERS® User Conference and e-Mortgage Boot Camp June 24-26 in Reston, Va.

And whether you're beginning or an experienced MERS user or someone who is looking to learn more about successful eMortgage implementation, you are sure to come away with a wealth of new knowledge. The digital transformation of the mortgage industry has brought powerful efficiencies to some of the most complex and paper-intensive processes to be found in any industry.


MetaSource Adds New MERS Reconciliation Feature to Popular mintrak² Platform

Tuesday, April 16, 2019

MetaSource Adds New MERS Reconciliation Feature to Popular mintrak² Platform

Incremental Updates Allow Servicers to Correct Data Whenever They Wish

MetaSource, a leading provider of mortgage quality control services and technology, has added a new feature to its market-leading solution for Mortgage Electronic Registry System (MERS®) reconciliation that will give users more control over the process of sending updated data to the MERS electronic mortgage registry.


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.


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.


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.


Top 5 Ways Loan Servicers Get into Trouble on MERS Annual Report

Thursday, July 19, 2018

Top 5 Ways Loan Servicers Get Into Trouble on MERS Annual Report

We know how annoying it can be when retailers start reminding you to get a head start on your holiday shopping in the middle of October. But December does have a way of sneaking up on you.

That was part of the message MetaSource Manager for MERS Operations Kelly Jensen shared with the audience at his panel on MERS reconciliation at last month's MERS User Conference in Virginia.

Jensen doesn't really care when you start your holiday shopping. But as an expert on the requirements of the MERS® system, he has seen too many loan servicers wait until the last minute to start planning for the annual report.


MERS Reconciliation: Beyond the Basics

Thursday, June 14, 2018

MERS Reconciliation Beyond the Basics

With 15 years of experience in the mortgage field, MetaSource Manager for MERS Operations Kelly Jensen has a lot of tips to share on the subject of reconciling mortgage documents with the MERS® system.

His advice: work hard and learn to "speak geek."

That's shorthand for finding someone on your IT team who understands the meticulous requirements of a system that has to match up the nearly three-dozen mortgage document fields with the corresponding fields in the MERS system. Get it wrong and MERS will kick it back to you for corrections. For servicers handling thousands of mortgages a year, that adds up to a lot of time spent rehashing the details.


Top 8 MERS QA Findings

Tuesday, September 19, 2017

MERS QA: Top 10 Findings for 2017 | MetaSource Mortgage

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:


How to Ease MERS QA & Other Servicing Headaches: Join MetaSource at the MERS 2017 User Conference

Tuesday, May 30, 2017

How to Ease MERS QA & Other Servicing Headaches: Join MetaSource at the MERS 2017 User Conference 

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.


Notice of a New 2017 Annual Report Requirement for the MERS® System

Monday, March 06, 2017

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.


Request more information here
Contact Sales (888) 556-0796 or Technical Support (877) 741-6867