MERS Loan definition
MERS Loan. Any Mortgage Loan registered on the MERS® System for which MERS appears as the mortgagee of record on the related Mortgage or on an assignment thereof.
MERS Loan. Any Mortgage Loan registered with MERS on the MERS System.
MERS Loan means any Loan as to which the related Mortgage or Assignment of Mortgage has been recorded in the name of MERS, as agent for the holder from time to time of the Note.
Examples of MERS Loan in a sentence
The Mortgage Note, the Mortgage, any applicable Assignment of Mortgage (other than for a MERS Loan) and any other documents required to be delivered under the Custodial Agreement for each Underlying Asset have been delivered to the Custodian.
The Note, the Mortgage, the Assignment of Mortgage (other than for a MERS Loan) and any other documents required to be delivered under the Custodial Agreement for each Loan (other than Wet-Ink Loans) have been delivered to the Custodian, and Control of any eMortgage Loan that is a Purchased Asset has been transferred to the Custodian as agent for Buyer, except as otherwise provided in the Custodial Agreement.
More Definitions of MERS Loan
MERS Loan means any Mortgage Loan made by the Borrower that is secured by a MERS Mortgage.
MERS Loan. Any Mortgage Loan as to which the related Mortgage or Assignment of Mortgage has been recorded in the name of MERS, as agent for the holder from time to time of the Mortgage Note, and which is identified as a MERS Loan on the related Mortgage Loan Schedule.
MERS Loan. Any Mortgage Loan whose related Mortgage or Assignment of Mortgage has been recorded on the MERS System.
MERS Loan has the meaning set forth in the Custodial Agreement.
MERS Loan. Any HECM Loan registered with MERS on the MERS System.
MERS Loan shall have the meaning set forth in Section 1.06.
MERS Loan means any Loan as to which the related Mortgage or Assignment of Mortgage