Brian Ernissee, NTC’s Director of Document Completion, Jeremy Pomerantz, Vice President of Business Development and Debbie Lastoria, also Vice President of Business Development (not pictured) are representing NTC in Reston, VA during the 2015 MERS (Mortgage Electronic Registration Systems, Inc.) User Conference. Brian and Jeremy are pictured here with Chris Moreau, Director of the Corporate Resolution Management System, (L), and Timothy Renner, Legal Counsel, (R), both with MERS.
Brian oversees NTC's eRecording team and is NTC's resident MERS expert. Under Ernissee’s direction, NTC has increased its eRecording capability to nearly 70% of total volume and established benchmark compliance systems in the areas of document review, legal document authorization (for states that require it) and signing authority.
ABOUT MERS
Today’s financial services industry depends on technological innovations to provide its customers with access to information, increased efficiency and reduced processing costs. MERSCORP Holdings, Inc. owns and operates the MERS® System, a national electronic registry system that tracks the changes in servicing rights and beneficial ownership interests in mortgage loans that are registered on the System.
MERSCORP Holdings is the parent company of Mortgage Electronic Registration Systems, Inc.
MERS® Residential (also known as the MERS® System) is the only national database that provides free public access to servicer information for registered home mortgages, complementing public land recording systems that have their origins in centuries old real property laws. Homeowners have free access to investor (note owner) information for their mortgages that they never had before, and MERS® Residential is also used by local governments around the nation to identify parties responsible for maintaining vacant properties and addressing code violations.
MERS and MERS® Residential were created by the mortgage banking industry to streamline the mortgage process by using electronic commerce. Beneficiaries of MERS include mortgage originators, servicers, warehouse lenders, wholesale lenders, retail lenders, document custodians, settlement agents, title companies, insurers, investors, county recorders and consumers.
MERS acts as mortgagee in the county land records for the lender and servicer. Future assignments of any loan -- where MERS is the mortgagee -- registered on the MERS® System are not necessary because MERS remains the mortgagee no matter how many times servicing is traded. MERS as original mortgagee (MOM) loans are approved by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing Administration and the U.S. Department of Veterans Affairs, California and Utah Housing Finance Agencies, as well as all of the major Wall Street rating agencies.
For more information on NTC visit www.nwtc.com
For more information on MERS visit http://www.mersinc.org/.
