MERS program definition

MERS program means the nationwide Mortgage Electronic
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MERS program means the nationwide Mortgage Electronic Registration System approved by Fannie Mae, Freddie Mac, and Ginnie Mae that has been created by the mortgage banking industry with the mission of registering every mortgage loan in the United States to lawfully make information concerning each residential mortgage loan and the property securing it available by Internet access to mortgage originators, servicers, warehouse lenders, wholesale lenders, retail lenders, document custodians, settlement agents, title companies, insurers, investors, county recorders, units of local government, and consumers.
Sample 1Sample 2Sample 3
MERS program means the nationwide Mortgage Electronic Registration System approved by Fannie Mae, Freddie Mac, and Ginnie Mae that has been created by the mortgage banking industry with the mission of registering every mortgage loan in the United States to lawfully make information concerning each residential mortgage loan and the property securing it available by internet access to
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Examples of MERS program in a sentence

  • The City has historically sent two representatives (an officer delegate and an employeedelegate) to at least one day of the conference to ensure that we remain abreast of the latest changes to the MERS program.

  • The Gruntworks facility provides a venue to engineer, evaluate, and refine the capabilities and limitations of all equipment in development and under consideration for procurement and issue to the infantry squad (Section 4.1, [7])This report summarizes the information provided by the MERS program manager, Mark Richter, during a three days visit at MERS at the US Marine Corps base in Quantico both by presentations, discussions and documentation.

  • As soon as administratively possible following ratification of this Agreement, employees in the bargaining unit on the implementation date will be merged into and be covered by the Municipal Employees Retirement System (MERS) program applicable to the Sheriff's Department Non-Supervisory group.

  • She added that the State will be developing training and providing informational material to assist with this transition.MERS Defined Benefit- Journal Entry AdjustmentMs. Haydell said the MERS program has changed over time, and she explained the journal adjustments that were made for fiscal year 2017.

  • In each case, the owner or holder of the promissory note and assignee of the mortgage at issue was a member of the Mortgage Electronic Registration System a/k/a MERS program (“MERS”), and claims rights under mortgage assignment executed by MERS, either directly to it or within its chain of title of the mortgage.The chapter 7 trustee, but not the debtors, objected to the stay relief motion in each case, and presented a narrowly drawn challenge to lien validity and standing to seek stay relief.

  • The Library Board of Trustees provides access to health insurance, dental, & vision for full-time employees and their family.b. Full-time employees are eligible to participate in the MERS program through the city.c. Full-time employees shall have access to short term disability coverage, which pays at 66.67% of regular pay.

  • He pointed out that one of the advantages of the MERS program is that the fees are about 1% less, which could be a major benefit to a younger employee that will be in the program for 25 or more years.Motion by Bodary to approve YCUA Resolution No. 17-2 re: Addition of MERS 457 Supplemental Retirement Program.

  • By geodetic deflection measurements and strain monitoring the structural response could be determined.

  • For full-time MMEA employees hired prior to July 1, 2005, the City shall provide the following plan and benefits of the Municipal Employees Retirement System (MERS) program, as defined by MERS, for the life of this agreement:  Benefit B-4 – Benefit at retirement is based on 2.5% of the member’s final average compensation multiplied by years and months of credited service, not to exceed 80% of the member’s final average compensation.

  • Since Nick Loomis wishes to opt out of the MERS program his employment contract needed revision.

Related to MERS program

  • Program means the statutorily authorized activities of the System Agency under which this Contract has been awarded.

  • Pilot program means the pilot program identified and funded through the Funding Agreement and described in that Funding Agreement and its attachments.

  • Educational program means a program for educating and preparing physician assistants which is approved by the board.

  • Training program means an NCA-approved Iowa college, the Iowa law enforcement academy or an Iowa hospital approved by the department to conduct emergency medical care training.

  • Marketing program means a program established by order of the director pursuant to this act prescribing rules and regulations governing the marketing for processing, distributing, selling, or handling an agricultural commodity produced in this state or agricultural commodity input during a specified period and