MERS owner to acquire Simplifile as mortgage eNote usage grows

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Simplifile and MERS support the residential lending industry’s shift to digitization and will, together, help to make the mortgage closing process simpler, faster, and more transparent for a range of industry stakeholders. ICE will pay $335 million to acquire Simplifile, which is based in Provo, Utah and has no debt.

MERS AND CITIBANK ARE NOT THE REAL PARTIES IN INTEREST. Under California law, to perfect the transfer of mortgage paper as collateral the owner should physically deliver the note to the transferee. Bear v. Golden Plan of California, Inc., 829 F.2d 705, 709 (9th Cir. 1986).

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MERSCORP Holdings is the owner and operator of the MERS eRegistry, the national mortgage registry and legal system of record for identifying the controller (holder) and location (custodian) of the authoritative copy of registered eNotes. Interest in the production of eNotes continues to grow as consumers and lenders recognize the value of.

MERS owners to acquire Simplifile as debt eNote use grows May 02, 2019 RSS FEED No comments Intercontinental Exchange’s due merger of Simplifile will raise a MERS unit’s flourishing participation in doing electronic notes.

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NYSE Owner Bets on Mortgage Digitization – Intercontinental Exchange’s planned 5 million purchase is expected to close in the third quarter NATIONAL MORTGAGE NEWS MERS owner to acquire Simplifile as mortgage eNote usage grows

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