*Giving MERS Members A Hand*
**By Tony Garritano**
***MERS has been getting a bad rap. However, the service that MERS provides is needed. And every day more and more technology vendors are using MERS to help ensure that their lenders are producing quality loans. For example, The StoneHill Group, a national provider of pre- and post-closing quality control audits, fulfillment, due diligence, and collateral audits to mortgage bankers, banks, credit unions, and the financial services industry, has launched a service to help MERS System members comply with their annual reporting and monthly reconciliation requirements. Here’s the story:
****The MERS System is a national electronic database that tracks changes in mortgage servicing and beneficial ownership interests in residential and commercial mortgage loans.
****“If you are a servicer or sub-servicer who needs assistance in complying with Rule 7 of the MERS System Rules of Membership, we have several cost-effective and low maintenance solutions for processing and quality assurance management to help you,” said David Green, President of The StoneHill Group.
****The StoneHill Group offers the following services to MERS System members:
****>> Monthly data reconciliation with the MERS System
****>> Document forensics
****>> Quality assurance plan review and professional services
****The StoneHill Group maintains strict quality control standards while supporting MERS System Members and ensures data integrity by being compliant to SSAE 16 audit rules.
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at email@example.com.