MERS Streamlines Delivery Process
MERS unveiled a new service that will streamline the process and provide a consistent interface for transporting electronic documents from one company to another.
MERS eDelivery is designed to greatly reduce the time needed for aggregators to integrate e-mortgage technology and business processes with their brokers, correspondents and investors. It will allow all parties to adopt the same industry standard services rather than attempt to integrate with multiple proprietary services.
"We developed MERS eDelivery as a response to member requests for a more streamlined approach," said R.K. Arnold, MERS president and CEO, in a news release.
The mortgage industry can now cost-effectively leverage the infrastructure, standards and interfaces already established by the MERS eRegistry for transporting e-documents from one company to another.
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