EDS to Build and Run an Electronic Mortgage Registry ...

A lender that produces $250 million in loans or less per year and/or services less than $2 billion in residential loans will pay a setup fee of just $1,150 and an annual membership fee of $500 (see accompanying table for a breakdown of costs). MERS operates an electronicregistry for tracking the ownership of mortgageservicing on each loan. ................
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