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Based on information kept by MERSCORP Holdings, Inc., which owns and manages the MERS® eRegistry, the national mortgage registry and authorized system of file for identifying the controller (holder) and placement (custodian) for the authoritative copy of registered eNotes, over three,000 eNotes have been registered to the MERS® eRegistry 12 months so far in 2018. Pavsao signifies that more enotes than half of these have been closed via Digital Close Enterprise. The platform provides lenders all the instruments wanted to electronically deliver, signal, notarize, and store the entire bundle of mortgage documents on-line, together with the flexibility to execute eClosings, generate a SMARTNote eNote and automatically register eNotes with MERS.

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