Document Updates: Wyoming Notice and Explanation of Fee Increase (TRID)(Cx19752) and Wyoming Notice and Explanation of Fee Increase (Cx16634)
Dec 6, 2019
After a recent compliance review, we are updating our “From MERS” Assignments to better match the appropriate terminology to refer to the Mortgage Electronic Registration Systems, Inc. (MERS) in the Assignment text.
The example Assignment language from the MERS Systems Procedures Manual is as follows:
- Mortgage – Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for [Lender], its successors and assigns.
- Deed of Trust – Mortgage Electronic Registration Systems, Inc., as beneficiary, as nominee for [Lender], its successors and assigns.
- Security Deed – Mortgage Electronic Registration Systems, Inc., as grantee, as nominee for [Lender], its successors and assigns.
Our generic “From MERS” Assignments are being updated to match the above MERS guidelines.
These changes will be in effect on December 12, 2019. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
DR’s 305237 & 305238
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.