Process Server Servers Service Lakewood Wheat Ridge Littleton Denver Colorado State

What is MERS?
It's the Mortgage ElectronicRegistrationSystem, Inc.

If you've ever tried to locate an owner of a mortgage or deed of trust for any reason, or tried to figure out who your lender was, or tried to find out who's servicing a particular loan and gotten nowhere, then this free mortgage locator service is for you.

What is it?

The service is called MERS ( Mortgage Electronic Registration System ). It began at a 1995 meeting of loan industry nabobs and emerged in 1999 as a viable business entity. It was created to avoid the cost and delays caused by recording a never-ending stream of assignments of mortgages and deeds of trust being traded between most of the institutional investors within the secondary mortgage market. To avoid the need to record such assignments between its members, MERS holds title as nominee for the true mortgagees and beneficiaries in its system, and as transfers occur, they are recorded on MERS' computer in a book entry system similar to the transfer of stocks. Today, not many years later, MERS claims that approximately 50% of all newly recorded institutional trust deeds and mortgages now bear their name and identification number as the nominee grantee or mortgagee on said liens and that their goal is for all institutional mortgages to be registered in their system in the near future.

Once in the system, MERS will always appear to the public as the nominee grantee or mortgagee of record for the life of the loan, unless an assignment from MERS is obtained. Therefore there's no need to record any MERS member's trust deed / mortgage assignments since all such assignments are tracked internally within MERS.

MERS' computerized registration system is nationwide in scope. It constantly monitors thousands of daily changes in the ownership and servicing rights of recorded trust deeds and mortgages being transferred between its member firms.

Its aim is to replace our overwhelmed paperwork system of recording individual assignments of trust deeds and mortgages throughout the 4,000 + recorder's offices within the United States. All trust deeds and mortgages continue to be recorded like always, it's just the assignments of such documents between MERS' members that aren't being locally recorded any more.

Cleaning up the monumental backlog of yet-to-be-recorded assignments with one centralized computer registry provides an instantaneous determination as to who owns a particular loan and / or who is servicing it, allowing for more rapid loan payoffs, eliminating reconveyance glitches, etc. No longer does one have to wonder who owns, or is servicing a particular loan when the involved lender goes bankrupt or is swallowed up and seemingly lost in some frenzied daisy chain of countrywide bank mergers.

Who benefits?

Since beginning its daily operations in 1999, MERS has greatly benefited loan originators, servicers, wholesale and retail lenders, document custodians, settlement agents, title companies, insurers, investors, county recorders and finally, the consumer.

What is the Secret of Process Serving MERS?

It is a Little known fact that Process Serving Mortgage Electronic Registration System is done for all 50 States at a secret super-secure headquarters facility. The Registered Agent for MERS is located there in the Secure Documents Facility.

If you go any other way you are going to be at the bottom of the huge pile of serves going into the secret MERS facility, which will cost you time, and therefore money, on your foreclosure(s).

If you serve MERS through us, your serve(s) will go directly by overnight delivery to a server who will then serve it at the Secure Documents Facility. Your serve(s) will get put on the top of the pile of over 30,000 documents recorded each day.

If you Process Serve MERS, you can get your Foreclosure Done Faster!

When you Process Serve MERS through us, you are beating the system because your Legal Documents go right to the TOP of the Pile.

If you serve MERS you can get any other matters recorded Faster. Temporary Restraining orders, Liens, Summons and Complaints Summons and Complaints for Foreclosure are just a few examples.

Colorado Process Servers®