MERS owner to acquire Simplifile as mortgage eNote usage grows

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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MERS owner to acquire Simplifile as mortgage eNote usage grows Intercontinental Exchange’s proposed acquisition of Simplifile will enhance its MERS unit’s growing presence in handling electronic notes.

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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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The MERS System is a national electronic database that tracks changes in mortgage servicing and beneficial ownership interests in residential mortgage loans on behalf of its members. The MERS eRegistry is the system of record for identifying the Controller (holder) and Location (custodian) for the authoritative copy of an eNote.

MERS owner, Intercontinental Exchange, is buying Simplifile for $335 million Articles Updated 050119 mers owner, Intercontinental Exchange, is buying Simplifile for 5 million ice is the parent company of the New York Stock Exchange and is also a provider of data and listings services, and the company bought MERS last year.

NYSE Owner Bets on Mortgage Digitization – Intercontinental Exchange’s planned $335 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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