CONTACTS:

Karmela Lejarde
Phone: 703-761-1274
Email: KarmelaL@mersinc.org

Tom Zimmerman
DPS
Phone: 800-526-2255 ext 211
Email: tomz@documentprocessing.com

Vienna, VA—MERS announces the addition of Document Processing Systems, Inc. (DPS) of Novi, Michigan 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 DPS as their document provider of choice to generate "MERS as Original Mortgagee" (MOM) documents and valid assignments to MERS.

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

“MERS continues to strive to improve service to our MERS® 1-2-3 users,” said Dan McLaughlin, Executive Vice President, Product Division at MERS. “The addition of DPS to our list of document providers offers our customers greater choice and flexibility. We are proud to work with a company who is a pioneer in providing document preparation services to the industry.”

“Since its inception, DPS has aimed to provide the most innovative solutions backed by the highest quality service and attention to detail in all areas, especially in matters relating to compliance,” said Paul Rakowicz, President of DPS. “Working with MERS, a company committed to the same goals, has been a pleasure and we look forward to supplying our services to MERS® 1-2-3 customers.”

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.

About DPS
Document Processing Systems, Inc. (DPS), a leading provider of residential mortgage closing document services, has been serving the mortgage industry since 1982. Currently, DPS enjoys a national customer base that includes many prominent mortgage industry firms. Its services include compliance provided by on-staff attorneys and the innovative web-based product line, "Direct-Docs®," which makes closing documents available instantaneously anytime, anywhere.

More information on DPS can be found by going to www.directdocs.com, or by calling 800-526-2255.