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Developed through a joint venture with MERS, RoboDocs now offers compatibility
with MERS Commercial, a mortgage electronic registration system. RoboDocs clients are able to use the MERS Commercial system to reduce paperwork and simplify the mortgage transfer process.
As technology meets commercial real estate, the time-consuming application
process is eliminated and customers will benefit from the noticeably lower
fees. With the use of MERS, multiple assignments are eliminated and reduced
research time will allow the closing process to move faster and more
efficiently. Customers will also be able respond more quickly to a changing
market, reducing future costs for them as well. MERS proves very convenient for
anyone going through the loan process or thinking about it.
Gary Highland, president and general counsel of RoboDocs, is thrilled to offer MERS Commercial compatibility.
"MERS and RoboDocs are pioneers in bringing the benefits of
technology to the real estate lending industry," says Highland. "At RoboDocs we
have followed the development of MERS Commercial with anticipation and
excitement. We are pleased to offer MERS Commercial compatibility for its commercial/multifamily loan document
preparation services -- at no additional cost to our clients."
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