Lane Guide and MERS

Submitted by ericbarge from CA - 07/22/2009 - 3:23pm

Will the Lane Guide give me contact info for a lender that shows as Mortgage Electronic Registration(MERS)?  There is a property that  became bank owned.  I have a client that is interested in purchasing the property.

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Comments

Submitted by Sean - 07/29/2009 - 12:44am

Try using the search tool on the MERS website, it's free.

Submitted by Richard Lane - 08/20/2009 - 9:30pm

Yes. Lane Guide matches not only by Lender Name but also by Lender Address. You will notice that most listings will have "MERS" registration will show Mortgage Electronic... as the lender name. However, the address for the lender will correspond to the servicer -- so you will get the servicer's name and contact info too. If the address is for the trustee, that info will show instead.

Submitted by Sean - 08/20/2009 - 11:27pm

Brilliant Richard! The address issue makes perfect sense. Very cool that our integration with your service also looks at the address therefore it provides an ideal tool for quickly finding out who the real lender is.

Thanks for posting!!!

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