ICE Mortgage Expertise Proclaims MERS Enlargement to Embrace Trade-Extensive Distant On-line Notarization Video Storage Resolution

PLEASANTON, Calif.- ICE Mortgage Expertise^TM, a part of Intercontinental Alternate, Inc. (NYSE: ICE), a number one world supplier of knowledge, know-how and market infrastructure, right this moment introduced that MERSCORP Holdings, Inc., the mortgage {industry}’s nationwide digital mortgage registry, is increasing its capabilities to now embody industry-wide, safe storage of Distant On-line Notarization (RON) movies for lenders, traders, and servicers. The MERS RON video storage resolution will present a safe approach to retailer, present entry to, and retrieve copies of RON video recordings for notaries, RON platform suppliers, and licensed events throughout post-closing assessment, mortgage buy in addition to downstream occasions akin to foreclosures.

“MERS has lengthy been the {industry}’s system of report for registering and monitoring residential mortgages and this extension of capabilities completely enhances and extends the worth that MERS delivers for your entire {industry},” mentioned Joe Tyrrell, President of ICE Mortgage Expertise. “As a result of MERS know-how solves complicated retention, monitoring and accessibility points, whereas instilling confidence throughout a number of stakeholders, the {industry} is now lastly capable of absolutely embrace the ability of eClosings.”

MERS will prolong its registration capabilities to fulfill this important {industry} want with an preliminary launch on the finish of the 12 months. The answer will probably be accessible by each consumer interface and API. Deliberate enhancements in 2022 will increase the performance to incorporate validation, customized storage durations, and different prolonged options.

“The MERS video storage resolution is a tipping level for RON adoption,” mentioned Chris King, Senior Vice President, Enterprise Improvement at Mr. Cooper®. “This enhancement offers traders the arrogance they want throughout the lifetime of the mortgage to entry RON movies in a safe and centrally positioned storage facility. MERS is the plain alternative.”

“Having a single, unbiased place to deal with and supply entry to the {industry}’s RON movies will reply an enormous problem within the {industry} right this moment,” mentioned Michael Lyon, Government Vice President at Nexsys®. “As one of many main contributors of eNotes to the MERS eRegistry, Nexsys is happy to be a part of this resolution that may speed up {industry} adoption.”

Discover out extra details about MERS and its options by accessing the newest right here: https://www.mersinc.org/index.

ICE Mortgage Expertise combines know-how, information and experience to assist automate the mortgage course of, from client engagement by means of mortgage registration, and each step and job in between. ICE Mortgage Expertise is the main cloud-based mortgage origination platform supplier for the mortgage {industry}, with options that allow lenders to originate extra loans, decrease origination prices, and cut back the time to shut, all whereas making certain excessive ranges of compliance, high quality and effectivity. Go to icemortgagetechnology.com or name (877) 355-4362 to be taught extra.

About Intercontinental Alternate

Intercontinental Alternate, Inc. (NYSE: ICE) is a Fortune 500 firm that designs, builds and operates digital networks to attach individuals to alternative. We offer monetary know-how and information companies throughout main asset lessons that provide our clients entry to mission-critical workflow instruments that improve transparency and operational efficiencies. We function exchanges, together with the New York Inventory Alternate, and clearing homes that assist individuals make investments, elevate capital and handle threat throughout a number of asset lessons. Our complete mounted earnings information companies and execution capabilities present info, analytics and platforms that assist our clients capitalize on alternatives and function extra effectively. At ICE Mortgage Expertise, we’re reworking and digitizing the U.S. residential mortgage course of, from client engagement by means of mortgage registration. Collectively, we remodel, streamline and automate industries to attach our clients to alternative.

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