Vienna, VA—AmTrust Bank registered the ten thousandth eNote on the MERS® eRegistry on April 4, 2008. A member since June 2002, AmTrust Bank has been a leading proponent of electronic mortgages and began registering eNotes on the MERS® eRegistry on July 2005

“AmTrust and MERS share a common vision, one that encompasses a simple, fast, and efficient closing process that’s driven by technology,” said Jon Baymiller, Executive Vice President of AmTrust Bank. “This milestone is a clear indicator that we have moved beyond the talk—it’s now reality. MERS has been a super partner throughout AmTrust’s development and execution of AmTrust’s eSign closing solution, and we look forward to significantly expanding our usage of the MERS® eRegistry.”

Launched in April 2004, the MERS® eRegistry is the system of record that identifies the owner (Controller) and custodian (Location) for registered eNotes. Created to satisfy certain safe harbor requirements under the Uniform Electronic Transactions Act (UETA) and the Electronic Signatures in Global and National Commerce Act (E-SIGN), the MERS® eRegistry provides liquidity, transferability and security for lenders originating and selling eNotes.

“Ten thousand electronic notes registered on the MERS® eRegistry shows a growing acceptance, both legally and financially, of electronic notes,” said R.K. Arnold, President & CEO of MERS. “We applaud AmTrust Bank for their vision and determination in supporting this initiative, which we all know is the inevitable direction of our industry.”

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