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""ServiceLink"":http://www.servicelinkfnf.com, an end-to-end origination, servicing and default solutions provider for mortgage lenders and servicers, introduced a program to monitor and manage data from the ""Mortgage Electronic Registration Systems"":http://www.mersinc.org/ (MERS).
[IMAGE]The MERS Reconciliation and Resolution Program is offered through ServiceLink's servicing division known as LoanCare.
By overseeing MERS data, the Pennsylvania-based company explained lender and servicer clients can be assured information is accurate and in compliance with industry standards.
[COLUMN_BREAK]According to a company release, ServiceLink's program sets itself apart from others by doing more just identify issues for MERS members. The program not only offers loan-level research throughout the entire process, but it also resolves variances and discrepancies. The end result is error-free data and documentation and significantly improved loan file quality, as well as potentially higher returns for servicers at the time of loan sale.
""Many providers tout reconciliation solutions, however the services they provide don't fully meet the definition of 'reconciliation,'"" said Virginia Earley, director of client solutions with LoanCare. ""While these offerings are great at comparing datasets and providing convenient lists of discrepancies, lenders and servicers still have to research and correct all of the resulting discrepancies in order to be in, and remain in, compliance with MERS regulations.""
""The ability to proactively identify and resolve issues within mortgage documents and public records is critical to enhancing portfolio compliance,"" added Gene Ross, president of LoanCare servicing. ""MERS Reconciliation and Resolution is a result of our steadfast commitment to providing uniquely powerful programs that eliminate roadblocks to the industry's overall growth and return valuable resources back into lenders' and servicers' organizations.""
