Interthinx, Agoura Hills, California, has launched its new MERS[R] Compliance Audit Service. This latest addition to the Interthinx suite helps MERS members avoid sanctions, penalties or revocations that could result if they are ruled to be out of compliance with the new MERS requirements.
Revised MERS Quality Assurance Standards now require all MERS general members to have an independent, third-party review of the members' quality-assurance plan annually. Since 2012, all MERS members must also conduct reconciliation of their portfolios on a monthly or quarterly basis to meet the new data-integrity requirements.
"We understand the critical importance for servicers and lenders to remain MERS-compliant, but we also understand the difficulties they face trying to implement a MERS quality-assurance system with internal resources," said Michael Zwerner, senior vice president for Interthinx. "As a MERS preferred provider, Interthinx has leveraged its industry-leading compliance expertise to develop its MERS Compliance Audit Service to help MERS members meet the new requirements."