An email from a concerned reader…

I have been using the MERS ServicerID website to look up the *alleged* investor on various loans for some time now, for attorneys and other clients of mine, as well as my own loan.  I am well aware that the MERS database is full of holes, and lacks any checks and balances or oversight.  But I’ve found it useful to point out what MERS says, vs. what a plaintiff is claiming, just to add further doubt in the cases I work on.  (I am not an attorney – I do forensic analysis and research for fraud/forgery/etc.)

Today, I noticed that MERS ServicerID changed their website, so that ONLY the borrower can look up the investor/owner now!!

And even WORSE, they require you to enter your entire SSN or Tax ID number in order to see the investor!

NOTE:  I DO NOT RECOMMEND ANYONE ENTERS THEIR SSN OR TIN INTO THE MERS WEBSITE.  God knows who would see it, or what they would do with it!

Plus, as you probably know, oftentimes the results say, “The investor on this loan has chosen not to share their details.”

Furthermore, what business does MERS have storing peoples’ SSNs!?  They are not a Federal agency.  I think this may be against the law?

Perhaps this means they are feeling the heat, so I guess it’s potentially good news.  Likely people have been using their data as evidence in court that the foreclosing entity isn’t the “real” owner of their loan.

To add insult to injury…. check this out – this is displayed as you’re going through the process of looking up your loan:

“By checking this box, the borrower or borrower’s authorized representative is attesting to the fact that he or she is in fact the borrower or borrower’s authorized representative for the loan in question. Additionally, borrowers wishing to learn the identity of their loan’s investor must confirm their identity by entering their last name or corporation name as well as their SSN or TIN. If this information does not match the information contained in the MERS® System for the borrower of the loan, the investor information will not be displayed. Borrowers should verify the results with their loan servicer.”

In other words, according to MERS, the information displayed may not even be accurate!

That actually jives with the disclaimer on the MERS website about how the information cannot be guaranteed for accuracy.

Here’s the link if you don’t already have it – they also added a new “captcha” box, which isn’t a big deal:

https://www.mers-servicerid.org/sis/

I guess they’ve just become even more opaque than they already were.

~

4closureFraud.org