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The MERS Project- Mortgage Banking, June 1995-Phyllis K Slesinger

The MERS Project- Mortgage Banking, June 1995-Phyllis K Slesinger

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Published by Tim Bryant

The 1995 followup to the 1993 Whole Loan Book Entry white paper. by Phyllis Slesinger.

The 1995 followup to the 1993 Whole Loan Book Entry white paper. by Phyllis Slesinger.

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Published by: Tim Bryant on Oct 26, 2012
Copyright:Public Domain

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09/17/2013

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[gt`thkd|koa|d' V|kkgthp( tbk v{lh`o hcgd |koa|d da gat gkokc|`hp `dkgt`np tbk o{||kgtja|ticik k|~`ok|( tb{ oajvh`oct`gi tbk dkh`~k|p an hkich gat`ok |ks{`|kd ta lk kgt tatbk ja|ticikk an |koa|d( "k'i'( gat`ok an M{g`a| h`kg na|koha{|k cot`ag' JK\_ c tbkja|ticikk an |koa|d y`hh |kok`~k tbk |ks{``tk hkich gat`ok cgd lk clhk ta v|a~`dk cga|dk|hp jkobcg`j ta c{|k tbct k|~`ok| cgd {lk|~`ok| c|k `gna|jkd an vkgd`gihkich cot`ag'- \kd{ok oat tb|a{ib ~ah{gtc|p gatk `jjal`h`}ct`ag' Gatk `jjal`h`}ct`ag y`hh |kd{okb`vv`gi cgd v|alclhp |kok|t`n`oct`ag oat' Bayk~k|( gatk `jjal`h`}ct`ag y`hh gat lkjcgdctkd' Tbk JK\_ oagokvt( c `g`t`chhp dko|`lkd `g tbk Yb`tk Vcvk|( kg~``agkdcot`~k `gokgt`~k na| `jjal`h`}ct`ag tb|a{ib dk~khav`gi tcgdc|d`}kd dao{jkgto{tad`cg kh`i`l`h`tp |ks{`|kjkgt a| |ct`gi ta `go|kck oagn`dkgok `g cgp vc|t`o{hc|o{tad`cg' @t aag lkocjk cvvc|kgt tbct tbk cvv|acob yc |c``gi lc||`k| ta cookvtcgokan JK\_ lkoc{k an k|~`ok| |kk|~ct`ag cla{t `gtk|nk|kgok y`tb kr`t`gi |khct`agb`v'Cooa|d`gihp( tbk JK\_ v|amkot tkcj dko`dkd ta dkhktk na|jch gatk `jjal`h`}ct`ag`gokgt`~k n|aj tbk `g`t`ch vbck an tbk JK\_ v|amkot'- _`jvh`n`k v|aokd{|k na| dkh`~k|`gi hkich gat`ok lp v|a~`d`gi cg coo{|ctk dctc lck an ja|ticik |`ibt' JK\_ ` `gtkgdkd ta kr`t oago{||kgthp y`tb tbk haoch v{lh`o hcgd|koa|d' V|kkgthp( tbk v{lh`o hcgd |koa|d da gat gkokc|`hp `dkgt`np tbk o{||kgtja|ticik k|~`ok|( tb{ oajvh`oct`gi tbk dkh`~k|p an hkich gat`ok |ks{`|kd ta lk kgt tatbk ja|ticikk an |koa|d( "k'i'( gat`ok an M{g`a| h`kg na|koha{|k cot`ag' JK\_ c tbkja|ticikk an |koa|d y`hh |kok`~k tbk |ks{``tk hkich gat`ok cgd lk clhk ta v|a~`dk cga|dk|hp jkobcg`j ta c{|k tbct k|~`ok| cgd {lk|~`ok| c|k `gna|jkd an vkgd`gihkich cot`ag'- \kd{ok oat tb|a{ib ~ah{gtc|p gatk `jjal`h`}ct`ag' Gatk `jjal`h`}ct`ag y`hh |kd{okb`vv`gi cgd v|alclhp |kok|t`n`oct`ag oat' Bayk~k|( gatk `jjal`h`}ct`ag y`hh gat lkjcgdctkd' Tbk JK\_ oagokvt( c `g`t`chhp dko|`lkd `g tbk Yb`tk Vcvk|( kg~``agkdcot`~k `gokgt`~k na| `jjal`h`}ct`ag tb|a{ib dk~khav`gi tcgdc|d`}kd dao{jkgto{tad`cg kh`i`l`h`tp |ks{`|kjkgt a| |ct`gi ta `go|kck oagn`dkgok `g cgp vc|t`o{hc|o{tad`cg' @t aag lkocjk cvvc|kgt tbct tbk cvv|acob yc |c``gi lc||`k| ta cookvtcgokan JK\_ lkoc{k an k|~`ok| |kk|~ct`ag cla{t `gtk|nk|kgok y`tb kr`t`gi |khct`agb`v'Cooa|d`gihp( tbk JK\_ v|amkot tkcj dko`dkd ta dkhktk na|jch gatk `jjal`h`}ct`ag`gokgt`~k n|aj tbk `g`t`ch vbck an tbk JK\_ v|amkot'Cg avva|t{g`tp ta bkc| `gd{t|p |kcot`ag ta tbk oagokvt yc v|kkgtkd ct c jkkt`givaga|kd `g M{hp 3004 lp Ncgg`k Jck( N|kdd`k Jco cgd JLC' Tb` jkkt`gi( egayg ctbk Yktn`khd Oagnk|kgok( l|a{ibt taiktbk| tbk ~c|`a{ kijkgt an tbk ja|ticikVcik <
 
[gt`thkdlcge`gi `gd{t|p' Tbkk `goh{dkd koagdc|p*jc|ekt `g~kta|5 yc|kba{k hkgdk|5dao{jkgt o{tad`cg5 ja|ticik a|`i`gcta| cgd k|~`ok|5 t|cdk i|a{v( cgd tbk nkdk|chn`gcgo`ch `gt`t{t`ag |ki{hcta|( yba jkt ta d`o{ tbk oagokvt cgd `t `jvhkjkgtct`ag'Tbk `gtk|ktkd t|cdk i|a{v `goh{dkd Cjk|`oc) Oajj{g`tp Lcgek|( tbk Cjk|`ocgLcgek| Cao`ct`ag( tbk Cjk|`ocg Lc| Cao`ct`ag( tbk Cjk|`ocg Ko|ay Cao`ct`ag(cgd tbk Gct`agch Cao`ct`ag an Oa{gtp Ohk|e cgd \koa|dk|'Tbk jkkt`gi bcd tb|kk v|`jc|p v{|vak= ta jcek ohkc| tbct tbk JK\_ v|amkot ycv|aokkd`gi `g cg avkg ncb`ag5 ta `dkgt`np avk|ct`agch v|alhkj y`tb tbk oagokvt5 cgd tadktk|j`gk ybktbk| tbkk v|alhkj oa{hd lk |kah~kd' Ta nco`h`tctk dklctk( cttkgdcgok ych`j`tkd ta |kv|kkgtct`~k an tbk ~c|`a{ kota| an tbk ja|ticik lcge`gi `gd{t|p'_khkot`ag yk|k jcdk n|aj cjagi tbk vc|t`k yba bcd oajjkgtkd ag tbk Yb`tk Vcvk| a|atbk|y`k dkjagt|ctkd c |kch `gtk|kt `g tbk v|amkot' _vko`n`o a{t|kcob knna|t yk|k jcdkta |khctkd t|cdk cao`ct`ag cgd tbk n`gcgo`ch `gt`t{t`ag |ki{hcta|'_`gok tbk Yktn`khd Oagnk|kgok( JK\_ bc lkkg d`o{kd ct atbk| JLC oagnk|kgok'Atbk| t|cdk cao`ct`ag( tbk Cjk|`ocg Hcgd T`thk Cao`ct`ag( tbk Och`na|g`c cgdHa{``cgc Hcgd T`thk Cao`ct`ag( tbk Gct`agch Cao`ct`ag an Oa{gtp Ohk|e cgd\koa|dk| cgd tbk V{lh`o _ko{|`t`k Cao`ct`ag( bc~k bcd k`ag ag tbk {lmkot ct tbk`|oag~kgt`ag'Cg avva|t{g`tp ta bkc| `gd{t|p |kcot`ag ta tbk oagokvt yc v|kkgtkd ct c jkkt`givaga|kd `g M{hp 3004 lp Ncgg`k Jck( N|kdd`k Jco cgd JLC' Tb` jkkt`gi( egayg ctbk Yktn`khd Oagnk|kgok( l|a{ibt taiktbk| tbk ~c|`a{ kijkgt an tbk ja|ticiklcge`gi `gd{t|p' Tbkk `goh{dkd koagdc|p*jc|ekt `g~kta|5 yc|kba{k hkgdk|5dao{jkgt o{tad`cg5 ja|ticik a|`i`gcta| cgd k|~`ok|5 t|cdk i|a{v( cgd tbk nkdk|chn`gcgo`ch `gt`t{t`ag |ki{hcta|( yba jkt ta d`o{ tbk oagokvt cgd `t `jvhkjkgtct`ag'Tbk `gtk|ktkd t|cdk i|a{v `goh{dkd Cjk|`oc) Oajj{g`tp Lcgek|( tbk Cjk|`ocgLcgek| Cao`ct`ag( tbk Cjk|`ocg Lc| Cao`ct`ag( tbk Cjk|`ocg Ko|ay Cao`ct`ag(cgd tbk Gct`agch Cao`ct`ag an Oa{gtp Ohk|e cgd \koa|dk|'Tbk jkkt`gi bcd tb|kk v|`jc|p v{|vak= ta jcek ohkc| tbct tbk JK\_ v|amkot ycv|aokkd`gi `g cg avkg ncb`ag5 ta `dkgt`np avk|ct`agch v|alhkj y`tb tbk oagokvt5 cgd tadktk|j`gk ybktbk| tbkk v|alhkj oa{hd lk |kah~kd' Ta nco`h`tctk dklctk( cttkgdcgok ych`j`tkd ta |kv|kkgtct`~k an tbk ~c|`a{ kota| an tbk ja|ticik lcge`gi `gd{t|p'_khkot`ag yk|k jcdk n|aj cjagi tbk vc|t`k yba bcd oajjkgtkd ag tbk Yb`tk Vcvk| a|atbk|y`k dkjagt|ctkd c |kch `gtk|kt `g tbk v|amkot' _vko`n`o a{t|kcob knna|t yk|k jcdkta |khctkd t|cdk cao`ct`ag cgd tbk n`gcgo`ch `gt`t{t`ag |ki{hcta|'Vcik ?

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