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What Is The Mers System

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What Is The Mers System
MERS System
MERS began as a project in October 1993 when Fannie Mae, Freddie Mac, and Ginnie Mae required the need for an electronic mortgage registration system. The MERS acronym was coined soon thereafter. The Mortgage Bankers Association got involved and MERS was incorporated in October 1995. MERS awarded a contract to Electronic Data Systems (EDS) to develop and service the technology systems, and MERS was officially launched in April 1997.
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