EAGAN, Minn., Oct. 21, 2013 /PRNewswire/ -- AllRegs, the leading information provider in the mortgage industry, is proud to announce that MERSCORP Holdings, Inc. ("MERSCORP Holdings"), the parent company of Mortgage Electronic Registration Systems, Inc. (MERS), will make the current versions of its MERS® System Rules of Membership and MERS® System Procedures Manual available in the AllRegs Information System known as AllRegs Online. This content is now available to AllRegs subscribers in the company's flagship product, the Single-Family Lending Package.
AllRegs users who access the MERS® System content will now benefit from a variety of productivity tools, including an electronic Table of Contents tree with links to guidelines, a robust search engine that features a thesaurus with industry jargon and relative matching results.
"We at AllRegs are excited to work with MERSCORP Holdings and publish the MERS® System Rules of Membership and Procedures Manual to provide our customers the reference information they need as MERS® System members," says Dan Thoms, Executive Vice President of AllRegs. "Delivered through our proprietary technology, the MERS® System content is an important and valuable addition to our library of mortgage industry content."
"Our members have asked us to publish current governing documents on AllRegs, and we are pleased to be able to provide them with an additional tool they can use to assess the impact of MERS® System Rules and Procedures on their business processes," said Janis Smith, MERSCORP Holdings' Vice President for Communications. The MERS® System content hosted on AllRegs Online will be updated as changes occur; however, the official governing documents for the MERS® System will continue to reside on MERSCORP Holdings' Member website.
For more information about AllRegs and its publishing services, visit www.allregs.com or contact AllRegs at (800) 848-4904, Monday through Friday, between the hours of 8:00 a.m. and 6:00 p.m. CT.
MERSCORP Holdings, Inc. is a privately held corporation that owns and manages the MERS® System and all other MERS® products. It is a member-based organization made up of thousands of lenders, servicers, sub-servicers, investors and government institutions. Mortgage Electronic Registration Systems, Inc. (MERS) serves as the mortgagee in the land records for loans registered on the MERS® System, and is a nominee (or agent) for the owner of the promissory note. 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.
First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides and The Federal Home Loan Banks' MPF Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services, policy manuals and a library of historical guidelines. The educational division, AllRegs Academy, offers virtual and live training, as well as designation and practical guides. The Professional Services Group develops custom guides, policy manuals and other documents on a contract basis. For more information, call (800) 848-4904 or go to www.allregs.com.
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