MERS_REGISTRATION

Description
Information specific to registration of a loan with the Mortgage Electronic Registration System. MERS tracks the beneficial and servicing rights of a mortgage loan, thus eliminating recording of assignments.

Type : MERS_REGISTRATION

Definition
Information specific to registration of a loan with the Mortgage Electronic Registration System. MERS tracks the beneficial and servicing rights of a mortgage loan, thus eliminating recording of assignments.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EXTENSION
MERS_IRegistrationIndicatorIndicates the loan is registered on the MERS System for information only. MERS is not the mortgagee.A data type of Indicator SHOULD identify a data point that represents a boolean value. The value choices SHOULD be "true" or "false" but MAY be "1" or "0". EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true".
MERSOriginalMortgageeOfRecordIndicatorIndicates whether the loan was originated with MERS as the original mortgagee of record (MOM).A data type of Indicator SHOULD identify a data point that represents a boolean value. The value choices SHOULD be "true" or "false" but MAY be "1" or "0". EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true".
MERSRegistrationDateThe date the loan was registered with MERS.A data type of Date SHOULD identify a data point that represents numerically a specific year, month and year, or day month and year of the Gregorian Calendar. Full dates MUST be represented in the extended format CCYY-MM-DD CCYY is a four-digit year, "0001" through "9999" MM is a two-digit month of that year, "01" through "12" DD is a two-digit day of that month, "01" through "31" Padded zeros must be used. - is the required separator between CCYY-MM-DD if the day or month and day are dropped, the preceding separator is also dropped an optional trailing time zone indicator is permitted using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm as in Datetime Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: A Next Escrow Review Date that discloses the year and month would be expressed as "2010-06".
MERSRegistrationStatusTypeThe status of the loans registration with MERS. A loan is registered one time with MERS with its Mortgage Identification Number (MIN). Various life of loan activities may alter the registration status such as a deactivation transaction.The status of the loans registration with MERS. A loan is registered one time with MERS with its Mortgage Identification Number (MIN). Various life of loan activities may alter the registration status such as a deactivation transaction.
MERSRegistrationStatusTypeOtherDescriptionA free-form text field used to capture the MERS Registration Status Type name if Other is selected as the MERS Registration Status Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
MERSRegistrationTypeThe system at MERS that the loan is registered on.The system at MERS that the loan is registered on.
MERSRegistrationTypeOtherDescriptionA free-form text field used to capture additional information if Other is selected as MERS Registration Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".

Attributes
label
SequenceNumberAn integer value used to provide an order to multi-instance sibling elements. The value must be unique for each sibling element.

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS\LOAN\MERS_REGISTRATIONS