MERS Report definition

MERS Report. The report from the MERS System listing MERS Designated Mortgage Loans and other information.
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Examples of MERS Report in a sentence

  • In addition, no later than two Business Days after the related Closing Date, Seller shall provide the Custodian and the Purchaser with a MERS Report listing the Purchaser as the Investor, the Custodian as custodian and no Person as Interim Funder with respect to each MERS Designated Mortgage Loan.

  • MERS Report: The report from the MERS System listing MERS Designated Mortgage Loans and other information.


More Definitions of MERS Report

MERS Report means the schedule listing the MERS Designated Loans and other information.
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MERS Report. The report from the MERS® System listing MERS Loans and other information. MERS® System: The system of recording transfers of Mortgages electronically maintained by MERS. MIN: The Mortgage Identification Number for any MERS Loan. MIP: For any Mortgage Loan, the mortgage insurance premium payable in respect of the Federal Insurance related to such Mortgage Loan. MOM Loan: Any Mortgage Loan as to which MERS is acting as mortgagee, solely as nominee for the Originator of such Mortgage Loan and its successors and assigns. Moody’s: Xxxxx’x Investors Service, Inc. or its successor in interest. Mortgage: The mortgage, deed of trust or other instrument securing a Mortgage Note, which creates a first lien on an unsubordinated estate in fee simple in real property securing the Mortgage Note. Mortgage Assets: Collectively, the Mortgage Loans and the REO Properties. Mortgage File: With respect to each Mortgage Asset, the Collateral File and the Servicing File, referred to collectively. Mortgage Interest Rate: With respect to each Mortgage Loan and as of any date of determination, the annual rate that interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note. Mortgage Loan: Each Reverse Mortgage Loan and HECM Loan subject of this Agreement. Mortgage Asset Schedule: The schedule of Mortgage Assets annexed to the Purchase Advice setting forth with respect to each Mortgage Asset the information required by the
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MERS Report means the report from the MERS® System listing MERS Designated Mortgage Loans and other information.
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Related to MERS Report

  • CREFC® Operating Statement Analysis Report The monthly report in the “Operating Statement Analysis Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Monthly Report means a report, in substantially the form of Exhibit X hereto (appropriately completed), furnished by the Servicer to the Agent pursuant to Section 8.5.

  • Billing Statement has the meaning assigned to such term in Section 2.18(g).

  • Servicer Report A report (substantially in the form of Schedule 5 hereto) or otherwise in form and substance acceptable to the Master Servicer and Securities Administrator on an electronic data file or tape prepared by the Servicer pursuant to Section 5.03(a) of this Agreement, with such additions, deletions and modifications as agreed to by the Master Servicer, the Securities Administrator and the Servicer.