CONTACTS:

Karmela Lejarde
703.761.1274
KarmelaL@mersinc.org

Cristin Nicholson, DSI
678.781.7208
cristin@williammills.com

Vienna, Va.—MERS announces the addition of Document Systems, Inc. (DSI) of Carson, Calif., and its signature product, DocMagic®, to its family of document providers offering services to MERS® 1-2-3 users.

Correspondents and brokers, in the process of using MERS® 1-2-3, can now select DocMagic, a software that produces customized loan documents, as their provider of choice to generate MERS as Original Mortgagee (MOM) documents and valid assignments to MERS.

“The addition of DocMagic to our family of document providers will be most welcomed by the users of MERS® 1-2-3,” said Dan McLaughlin, executive vice president, Product Division for MERS. “Because of the popularity of DocMagic, MERS® 1-2-3 will be able to serve a wider range of users who previously were unable to generate MOM documents.”

MERS® 1-2-3 allows members and non-members to generate complete closing packages and create valid assignments to MERS for loans that do not designate MERS as the original mortgagee. Developed in 2002, MERS® 1-2-3 was created to help MERS members more rapidly convert correspondents and brokers into MERS™ Ready trading partners.

“Partnering with MERS will enhance our presence in the mortgage document industry and give our customers proven solutions that they can depend on,” said Don Iannitti, president and CEO of Document Systems, Inc. “The partnership will give customers the ability to choose from our existing library of forms, or have custom forms created as well as benefit from having the forms packaged and electronically completed.”

DocMagic can seamlessly integrate information from loan origination systems. Complete loan packages can be viewed and printed through the Internet and clients can receive instant verification of forms and proper order through DocMagic’s barcoding recognition system. It also offers a state-specific predatory lending analysis for five states and provides more than 10,000 loan programs. About MERS MERS is an electronic loan registry created by the real estate finance industry to eliminate assignments when trading mortgage loans. Borrowers name MERS as mortgagee and nominee for the lender on deeds of trust and mortgages that are recorded in the county land records. Lenders then register the loans on the MERS® System and electronically track changes in servicing and beneficial ownership rights over the life of the loan. Loans registered with MERS are inoculated against future assignments because MERS remains the mortgagee of record no matter how often servicing is traded between MERS members. Fannie Mae, Freddie Mac, VA, FHA, Ginnie Mae, the Federal Home Loan Bank MPF®, California and New York housing authorities, and all major Wall Street rating agencies have approved MERS. For more information on MERS, visit the company’s website at www.mersinc.org. About Document Systems, Inc. Founded in 1988, Document Systems, Inc. is a mortgage technology company that develops software, processes and web-based systems for the production of compliant loan document packages. Along with its loan document production system, DocMagic®, DSI provides legal expertise regarding the completion of all applicable forms, and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. DSIs’ staff includes a team of compliance experts that constantly monitor legal and regulatory changes at federal and state levels to ensure accuracy. D