MERS OnLine, Vienna, Va., has reported the registration of its one millionth loan.MERS OnLine, which was introduced in May 2000, is the Internet-based access point to the MERS System, enabling members to perform all transactions in an online, real-time environment. It was created as an alternative to a client-server based system, eliminating the need to buy proprietary software and licensing agreements when registering loans on the system, MERS said. "One million loans registered on MERS OnLine signifies a growing acceptance by small- to medium-sized lenders of the MERS System," said R.K. Arnold, president and chief executive officer of MERS. MERS can be found on the Internet at http://www.mersinc.org.
Processing Content
