Get The Building Blocks Of Mers - Ning

This guide provides clear and supportive instructions for filling out The Building Blocks Of MERS - Ning form online. It is designed to assist users regardless of their legal experience, ensuring that each step is easy to follow.

Follow the steps to complete the form online.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. Begin with the corporate structure section. Enter the name of the MERSCORP, Inc. and confirm its ownership by the 25 leading mortgage industry companies. Input the details of Mortgage Electronic Registration Systems, Inc. as a bankruptcy-remote subsidiary.
3. Proceed to the governing documents section. Fill out the Membership Agreement details, ensuring the agreement includes the Membership Application, Terms and Conditions, Rules of Membership, and the Procedures Manual.
4. In the MERS basics section, differentiate between registration and recording. Indicate that the security instrument is recorded in the applicable county land records, while the mortgage information is registered on the MERS® System.
5. Complete the section on how MERS becomes the mortgagee. Include methods such as MERS as Original Mortgagee (MOM) and Assignment to MERS, detailing the requirements for each.
6. Fill in the necessary details regarding the certifying officer. Specify their role and explain how to update the officer list.
7. Provide information on issuing a title policy, ensuring MERS is a named insured when a MOM is used.
8. Conclude by detailing the lien release process after receiving a payoff and what to do in case of state-specific lien release requirements.
9. After completing all sections, users can save their changes, then download, print, or share the form as needed.

Start filling out The Building Blocks Of MERS - Ning form online today!