Mortgage Electronic Record System (MERS®) Quality Assurance - MERS® QA
Lenders, servicers, correspondents and even table funding correspondents participate in the MERS system. Sometimes your participation is merely the assignment of a loan number for the original transfer. However, as the system has expanded, legal challenges to the transfer of these transactions require an in-depth procedure to ensure data integrity.
MERS® QA or QC
Unlike loan-level audits, MERS QA revolves around the review of data integrity, and ensuring that at least one individual in a company holds the requisite authority and skill to manage the MERS process. Data integrity QA includes reviews of a sampling of transfers and paid off loans.
MERS® QA or QC
Unlike loan-level audits, MERS QA revolves around the review of data integrity, and ensuring that at least one individual in a company holds the requisite authority and skill to manage the MERS process. Data integrity QA includes reviews of a sampling of transfers and paid off loans.
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The MERS QA Plan is also included when you purchase the Mortgage Servicing Policies and Proce
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