Several NTC legal and business development executives are spending time in Reston, VA this week for two industry conferences.
As the leading post-closing services provider for the nation’s largest financial institutions, investors and servicers, NTC regularly attends industry conferences and events. This week, Mortgage Electronic Registration Systems, Inc.(MERS ) and the Mortgage Banking Association (MBA) are hosting back to back conferences in Reston, VA and our team is there to learn more about the latest regarding topics such as compliance and federal agency rules and changes..
The MERS User Conference and the MBA Doc Custody Conference are two conferences NTC has been attending for several years which help keep NTC up to date on all of the latest news in the industry.
About MERS, Inc.
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 the MERS® System is also used by local governments around the nation to identify parties responsible for maintaining vacant properties and addressing code violations.
MERS and the MERS® System 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, the Delaware State Housing Authority, California, Massachusetts and Utah Housing Finance Agencies, as well as all of the major Wall Street rating agencies.
About MBA
MBA's Document Custody Workshop fosters in-depth discussion and collaboration with your peers on the latest developments in document management. This one-day event allows you to engage with industry experts and hear directly from GSE and GNMA representatives about the issues that matter most to you. Don't miss this opportunity to get the access and answers you need.
MBA seeks to create an environment that enables its members to invest in communities and achieve their business objectives. The association creates this environment by developing innovative business tools, educating and training industry professionals, providing a gathering place for the sharing of ideas, acting as the industry's voice on legislative and regulatory issues, and developing open and fair standards and practices for the industry.
