MERS Reports

MERS reports have recently become significantly more popular with both lenders and brokers since they were referenced in the Fannie Mae LQI documentation as a great tool in identifying possible fraudulent loans.

The MERS report is designed as a fraud detection tool, it will provide a search on both the borrower and co-borrower SSN and return all loan data associated with those SSN's. Additionally (if provided) the MERS report will also include a search on the subject's property address, allowing the lender or broker to identify all loans associated with the property address. This report will be available through most LOS's as an add-on to the credit report, however, it will only provide the subject property address search if this information is sent to us from the LOS.