MERS, the industry-owned system for tracking ownership of mortgage loans and servicing rights, has registered 30 million loans, according to the organization.MERS said it hit the 30 million mark, a 35% increase from one year earlier, on April 6. Decision One Mortgage, a Charlotte, N.C.-based division of the HSBC Group, registered the 30 millionth loan. The company has over 200,000 loans registered on MERS. Electronic registration eliminates the need for paper assignments when trading loans and servicing rights. MERS can be found on the Internet at http://www.mersinc.org.
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