MERS Attempting to Get Correct Identity of Investors

MERS® System Release 19.0 on June 14, 2010, will include Phase II of MERS® InvestorID. Phase I was introduced on June 19, 2009, to help our Members meet the requirements of the Helping Families Save Their Homes Act of 2009 by using information entered on the MERS® System to generate a Notice of New Creditor when a Transfer of Beneficial Rights (TOB) transaction was completed.

Besides providing a more robust solution for generating Mortgage Loan Transfer Notices, Phase II provides Investor
contact information to the public in MERS® ServicerID and the telephone Servicer Identification System, and to MERS®
Link Subscribers and MERS® Members in MERS® Link. Investor contact information also is provided to MERS
Members in MERS® OnLine, and in the XML and batch inquiry transactions.

Because of this increased visibility of Investor information, it is even more important that the Investor be represented
correctly for each loan on the MERS® System. As noted in the Draft Procedures Manual for Release 19.0 released on
April 15, 2010, Servicers may not insert their own Org ID as Investor on MINs for which they do not hold the
beneficial rights after June 14, 2010. If the actual investor does not have an Org ID, the Servicer may insert 1000002
(Undisclosed Investor) in the Investor field. Servicers may begin immediately inserting this Org ID in the Investor field
when appropriate, and may create a TOB Option 2 from their own Org ID to 1000002 to insert this Org ID on loans for
which they had previously inserted their own Org ID as Investor because the actual investor did not have an Org ID.

Mortgage Loan Transfer Notice (defaults to selected; if you have opted out of InvestorID it is deselected)
If selected, a Mortgage Loan Transfer Notice will be generated when a TOB transaction is completed with your Org
ID as the New Investor. Members cannot update this option. To request it be changed, currently you must email

Use Investor Alternate Address– Public (defaults to unselected)
If selected, the new Investor Alternate Address is used in MERS® ServicerID and the telephone Servicer
Identification System, and on Mortgage Loan Transfer Notices, for loans with your Org ID as Investor

Use Servicer/Subservicer Alternate Address– Public (defaults to unselected)
If selected, the new Servicer/Subservicer Alternate Address is used in MERS® ServicerID and the telephone
Servicer Identification System, and on Mortgage Loan Transfer Notices, for loans with your Org ID as Servicer
or Subservicer.

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