MERS Reports HB Rel22

Reports Handbook

Release 22.0 June 4, 2012

MERS System Reports Handbook Release 22.0 6/4/12 Table of Contents i

Table of Contents

Introduction .................................................................................................................. 1

Report Setup ................................................................................................................. 2 Report Formats ............................................................................................................................. 2

Optional Reports ........................................................................................................................... 2 Mandatory Reports ....................................................................................................................... 4 On Request Reports ...................................................................................................................... 5

Portfolio Analysis Report ........................................................................................................................ 5

Report Retrieval ........................................................................................................... 8 Automated Report and Data File Retrieval................................................................................ 8 OnLine Report Retrieval .............................................................................................................. 8

Using Your Reports ....................................................................................................10 List of Reports Produced............................................................................................................ 10 Reject Reports ............................................................................................................................. 10

Transfer Reports ......................................................................................................................... 10 Portfolio Analysis Report ........................................................................................................... 10

List of MERS System Reports ................................................................................11

Daily Reports ......................................................................................................................................... 11 Monthly Reports .................................................................................................................................... 11 Quarterly Reports .................................................................................................................................. 11 On Request Reports .............................................................................................................................. 11 Event Driven Reports ............................................................................................................................ 11

Billing Reports ............................................................................................................................. 12 Monthly Reports .................................................................................................................................... 12

LB - Billing Reconciliation Report ................................................................................................ 12 LD - Monthly Billing Transaction Report .................................................................................... 12 LE - Monthly Prepaid Summary .................................................................................................. 12

Registration Reports ................................................................................................................... 13 Daily Reports ......................................................................................................................................... 13

PF - Pre-Closing Registration Verification .................................................................................. 13 PG - Pre-Closing Registration Rejects/ Warnings ....................................................................... 13 RA - Seasoned Registration Verification ...................................................................................... 13 RB - Seasoned Registration Rejects/ Warnings ........................................................................... 14 RF - Registration Verification ....................................................................................................... 14 RG - Registration Rejects/ Warnings ........................................................................................... 14 RH - Registered MINs for Same Primary Borrower SSN, Property and First Lien Daily .. 15 RK - Registration Reversal Verification ...................................................................................... 15 RL - Registration Reversal Rejects/ Warnings ............................................................................ 16

Monthly Reports .................................................................................................................................... 17 RI - Registered MINs for Same Primary Borrower, Property, and First Lien - Monthly ...... 17

MERS System Reports Handbook Release 22.0 6/4/12 Table of Contents ii

Transfer of Beneficial Rights Reports....................................................................................... 18 Daily Reports ......................................................................................................................................... 18

BA - Pending Transfer of Beneficial Rights ................................................................................. 18 BB - Physical Transfer of Beneficial Rights ................................................................................. 18 BC - Overdue Transfer of Beneficial Rights ................................................................................ 19 BD - Expired Transfer of Beneficial Rights ................................................................................. 19 BF - Transfer of Beneficial Rights Rejects ................................................................................... 20 BG - Canceled Transfer of Beneficial Rights ............................................................................... 21 BH - MINs Deleted -Transfer of Beneficial Rights ...................................................................... 21 BI - Investor Removed by Option 1 TOB ..................................................................................... 21 BJ - Summary of Transfer of Beneficial Rights Rejects ............................................................. 21 BL - Modified Batch Transfer of Beneficial Rights .................................................................. 22

Monthly Reports .................................................................................................................................... 23 BK - Org ID to Agency ID Cross-Reference Report ................................................................... 23

Transfer of Servicing Rights Reports ....................................................................................... 24 Daily Reports ......................................................................................................................................... 24

SA - Pending Transfer of Servicing Rights .................................................................................. 24 SC - Physical Transfer of Servicing Rights .................................................................................. 24 SD - Expired Transfer of Servicing Rights .................................................................................. 25 SE - Overdue Transfer of Servicing Rights .................................................................................. 25 SF - Transfer of Servicing Rights Rejects/ Warnings ................................................................. 26 SG - Canceled Transfer of Servicing Rights ................................................................................ 26 SH - Current Investor Changed for Pending TOS Rights .......................................................... 27 SI - MINS Deleted from Pending TOS Rights ............................................................................. 27 SJ - Modified Batch Transfer of Servicing Rights .................................................................... 27

Deactivation Reports .................................................................................................................. 28 Daily Reports ......................................................................................................................................... 28

DA - Foreclosure Verification ....................................................................................................... 28 DD - Deactivation Summary .......................................................................................................... 29 DF - Foreclosure Reject Report .................................................................................................... 30 DK - Paid in Full Verification ....................................................................................................... 31 DL - Transfer to Non-MERS Status Verifications ...................................................................... 31 DM - Default by Serv/Subserv (Servicing Transferred to Non-Member) Verification............ 32 DP - Payoff Reject Report.............................................................................................................. 32 DQ - Transfer to Non-MERS Status Rejects Report .................................................................. 33 DR - Default by Servicer to Non- Member Rejects Report ........................................................ 33

Monthly Reports .................................................................................................................................... 34 DI - Past Due Foreclosure Terminations ...................................................................................... 34

Interim Funder Reports ............................................................................................................. 35 Daily Reports ......................................................................................................................................... 35

IA - Co-Existing Security Interests ............................................................................................... 35 IB - Release of Security Interest by Interim Funder ................................................................... 35 IC - Interim Funder Rejects .......................................................................................................... 36 IF - Interim Funder MIN Information ......................................................................................... 36

Conversion Reports .................................................................................................................... 37 Daily Reports ......................................................................................................................................... 37

CF - Conversion Verification Report ............................................................................................ 37 CG - Conversion Rejects / Warnings Report ............................................................................... 37

Quality Assurance Reports ........................................................................................................ 38 Monthly Reports .................................................................................................................................... 38

QE - MINs Without Originating Organization ........................................................................... 38 QM - County Unknown Warnings ................................................................................................ 38

MERS System Reports Handbook Release 22.0 6/4/12 Table of Contents iii

QV - Lite Member Aged MIN Servicing ...................................................................................... 39 Associated Member Reports ...................................................................................................... 40

Event Driven Reports ............................................................................................................................ 40 VA - MIN Milestones ...................................................................................................................... 40 VB - Change Notification ............................................................................................................... 40

MERS 1-2-3 Reports ................................................................................................................. 41

Daily Reports ......................................................................................................................................... 41 PC - Cancelled Preliminary Registration ..................................................................................... 41 PD - Preliminary Registration ....................................................................................................... 41 RD - MERS123 Reserved MINs .................................................................................................... 41 RE - MERS123 Reserved and Preliminary Registered MINs Pending Expiration Warning . 41

MERS eRegistry Reports ......................................................................................................... 42

Daily Reports ......................................................................................................................................... 42 EH - Daily Duplicate eNote Records ............................................................................................. 42 EJ - Mis-matched MIN/ eNote Record ......................................................................................... 42

Monthly Reports .................................................................................................................................... 42 EI - Monthly Duplicate eNote Records ......................................................................................... 42

Miscellaneous Reports ................................................................................................................ 43 Daily Reports ......................................................................................................................................... 43

AA - Assumption Verification Report .......................................................................................... 43 AB - Assumption Rejects/ Warnings Report ............................................................................... 43 MA - Maintenance Verification Report ........................................................................................ 43 MB - Maintenance Rejects/ Warnings Report ............................................................................. 43 MC - Daily Summary of Activity Report ..................................................................................... 44 MF - Batch File Rejects Report ..................................................................................................... 44 ZC - List of Reports Produced ...................................................................................................... 44

Weekly Reports ...................................................................................................................................... 45 MP - User Security Audit ............................................................................................................... 45

On Request Reports .................................................................................................................... 46 OB - Detail Portfolio Analysis Report .......................................................................................... 46 OC - Summary Portfolio Analysis Report ................................................................................... 46

Report Samples ...........................................................................................................47 Billing Reports ............................................................................................................................. 47

Monthly Reports .................................................................................................................................... 47 LB - Billing Reconciliation Report ................................................................................................ 47 LD - Monthly Billing Transaction Report .................................................................................... 48 LE - Monthly Prepaid Summary .................................................................................................. 49

Registration Reports ................................................................................................................... 50 Daily Reports ......................................................................................................................................... 50

PF - Pre-Closing Registration Verification .................................................................................. 50 PG - Pre-Closing Registration Rejects/ Warnings ....................................................................... 51 RA - Seasoned Registration Verification ...................................................................................... 52 RB - Seasoned Registration Rejects/ Warnings ........................................................................... 53 RF - Registration Verification ....................................................................................................... 54 RG - Registration Rejects/ Warnings ........................................................................................... 55 RH - Registered MINs for Same Primary Borrower SSN, Property and First Lien Daily .. 56 RK - Registration Reversal Verification ...................................................................................... 57 RL - Registration Reversal Rejects/ Warnings ............................................................................ 57

Monthly Reports .................................................................................................................................... 58 RI - Registered MINs for the Same Primary Borrower, Property, and First Lien - Monthly 58

MERS System Reports Handbook Release 22.0 6/4/12 Table of Contents iv

Transfer of Beneficial Rights Reports....................................................................................... 59 Daily Reports ......................................................................................................................................... 59

BA - Pending Transfer of Beneficial Rights ................................................................................. 59 BB - Physical Transfer of Beneficial Rights ................................................................................. 60 BC - Overdue Transfer of Beneficial Rights ................................................................................ 61 BD - Expired Transfer of Beneficial Rights ................................................................................. 62 BF - Transfer of Beneficial Rights Rejects ................................................................................... 63 BG - Canceled Transfer of Beneficial Rights ............................................................................... 65 BH - MINs Deleted -Transfer of Beneficial Rights ...................................................................... 65 BI - Investor Removed by Option 1 TOB ..................................................................................... 66 BJ - Summary of Transfer of Beneficial Rights Rejects ............................................................. 67 BL - Modified Batch Transfer of Beneficial Rights .................................................................. 68

Monthly Reports .................................................................................................................................... 69 BK - Org ID to Agency ID Cross-Reference Report ................................................................... 69

Transfer of Servicing Rights Reports ....................................................................................... 70 Daily Reports ......................................................................................................................................... 70

SA - Pending Transfer of Servicing Rights .................................................................................. 70 SC - Physical Transfer of Servicing Rights .................................................................................. 71 SD - Expired Transfer of Servicing Rights .................................................................................. 72 SE - Overdue Transfer of Servicing Rights .................................................................................. 73 SF - Transfer of Servicing Rights Rejects/ Warnings ................................................................. 74 SG - Canceled Transfer of Servicing Rights ................................................................................ 76 SH - Current Investor Changed for Pending TOS Rights .......................................................... 77 SI - MINS Deleted from Pending TOS Rights ............................................................................. 78 SJ - Modified Batch Transfer of Servicing Rights .................................................................... 79

Deactivation Reports .................................................................................................................. 80 Daily Reports ......................................................................................................................................... 80

DA - Foreclosure Verification ....................................................................................................... 80 DD - Deactivation Summary .......................................................................................................... 81 DF - Foreclosure Reject Report .................................................................................................... 82 DI - Past Due Foreclosure Terminations ...................................................................................... 83 DK - Paid in Full Verification ....................................................................................................... 84 DL - Transfer to Non-MERS Status Verifications ...................................................................... 85 DM - Default by Serv/Subserv (Servicing Transferred to Non-Member) Verification............ 86 DP - Payoff Reject Report.............................................................................................................. 87 DQ - Transfer to Non-MERS Status Rejects Report .................................................................. 88 DR - Default by Servicer to Non- Member Rejects Report ........................................................ 88

Interim Funder Reports ............................................................................................................. 89 Daily Reports ......................................................................................................................................... 89

IA - Co-Existing Security Interests ............................................................................................... 89 IB - Release of Security Interest by Interim Funder ................................................................... 90 IC - Interim Funder Rejects .......................................................................................................... 90 IF - Interim Funder MIN Information ......................................................................................... 91

Conversion Reports .................................................................................................................... 92 Daily Reports ......................................................................................................................................... 92

CF - Conversion Verification Report ............................................................................................ 92 CG - Conversion Rejects / Warnings Report ............................................................................... 93

Quality Assurance Reports ........................................................................................................ 94 Monthly Reports .................................................................................................................................... 94

QE - MINs Without Originating Organization ........................................................................... 94 QM - County Unknown Warnings ................................................................................................ 95 QV - Lite Member Aged MIN Servicing ...................................................................................... 96

MERS System Reports Handbook Release 22.0 6/4/12 Table of Contents v

Associated Member Reports ...................................................................................................... 97 Event Driven Reports ............................................................................................................................ 97

VA - MIN Milestones ...................................................................................................................... 97 VB - Change Notification ............................................................................................................... 98

MERS 1-2-3 Reports ................................................................................................................. 99

Daily Reports ......................................................................................................................................... 99 PC - Cancelled Preliminary Registration ..................................................................................... 99 PD - Preliminary Registration ..................................................................................................... 100 RD - MERS123 Reserved MINs .................................................................................................. 101 RE - MERS123 Reserved and Preliminary Registered MINs Pending Expiration Warning 102

MERS eRegistry Reports ....................................................................................................... 103

Daily Reports ....................................................................................................................................... 103 EH - Daily Duplicate eNote Records ........................................................................................... 103 EJ - Mis-matched MIN/ eNote Record ....................................................................................... 104

Monthly Reports .................................................................................................................................. 105 EI - Monthly Duplicate eNote Records ....................................................................................... 105

Miscellaneous Reports .............................................................................................................. 106 Daily Reports ....................................................................................................................................... 106

AA - Assumption Verification Report ........................................................................................ 106 AB - Assumption Rejects/ Warnings Report ............................................................................. 107 MA - Maintenance Verification Report ...................................................................................... 107 MB - Maintenance Rejects/ Warnings Report ........................................................................... 108 MC - Daily Summary of Activity Report ................................................................................... 109 MF - Batch File Rejects Report ................................................................................................... 110 MP - User Security Audit ............................................................................................................. 111 ZC - List of Reports Produced .................................................................................................... 112

On Request Reports .................................................................................................................. 113 OB - Detail Portfolio Analysis Report ........................................................................................ 113 OC - Summary Portfolio Analysis Report ................................................................................. 114

MERS System Reports Handbook Release 22.0 6/4/12 Introduction 1

Introduction

We have developed the MERS

System Reports Handbook to help you find

and use the reports you need to reconcile your records with the MERS

System.

The report reconciliation process is an important part of ensuring that both

transactions and data are correct on the MERS System. You should

reconcile reports generated by the MERS System daily with those created

by any of your internal or external systems used for batch processing to

identify any discrepancies in system activity.

Reports are available on the MERS System for thirty days. After six

processing days they are available in ZIP format only. You should retrieve

reports at least weekly, and implement a method for storing them until

they are no longer needed.

You should retain all reports in some format at least until you have

reconciled the days activity. If you have not saved a needed report more than thirty days old, the MERSCORP Holdings Help Desk can provide the

report, if still archived, but you will be charged for this service. To request

an archived report, contact the MERSCORP Holdings Help Desk.

Other useful manuals include:

MERS System Procedures Manual which contains information on MERS

System policies and procedures, and can help you determine

how the MERS System impacts your business processes

MERS System Integration Handbook, Volume I which provides detailed information on becoming MERS

System Ready

MERS System Integration Handbook Volume II, which provides the technical specifications for interacting with the MERS

System. This

manual is of most use to Members that send flat file or EDI X12

transmissions

EDI Implementation Guide for Members who are using the EDI X12 interface

MERS System Quality Assurance Procedures Manual which details MERS

System requirements for Quality Assurance

MERS System Lite Tool Kit which is useful for Lite Members (Members who dont service MERS System loans)

All of these documents are available on the MERSCORP Holdings

website at www.mersinc.org.

MERS System Reports Handbook Release 22.0 6/4/12 Report Setup 2

Report Setup

Report Formats

MERS OnLine provides monthly reconciliation reports and daily

activity-based exception and confirmation reports. The reports reflect the

previous days processing and are not real time, nor ad hoc reports. Each report should be reviewed on a daily basis to verify activity from the

previous day. Some reports are mandatory, while others are optional.

Both mandatory and optional reports may be generated in either or both of

two formats: PDF or text. In addition, ZIP files are created for each format

chosen. You can also choose to have all reports added to a single ZIP file

so that you only need to download one file each day. And you can

generate a single tab-delimited text file containing the information for

most transactions, which you can then manipulate using your own internal

software.

When a new organization is first activated, both PDF and text report

formats are selected. For each report, a PDF file, a zipped PDF file, a text

file, and a zipped PDF file are created. If you only wish to view and

download one format, you can turn off generation of the other format for

one or more reports.

Optional Reports MERS

OnLine offers a feature that allows the ability to turn on or off the

optional reports that are produced.

Members are initially set up to receive all reports upon activation

(excluding the Combined Report/Data Files). Allow at least one month

familiarizing yourself with the functionality of these reports. If you

determine that it is not necessary for you to receive an optional

report, you may discontinue receipt of that report by following the steps

below.

1. From the Main Menu, select Administration 2. From the Administration Menu, select Member Information. 3. From the Member Information Menu, select Reports

The Optional Reports page will be displayed.


Deselect Report checkbox if you do not want PDF file generated for this report

Deselect Data checkbox if you do not want text file generated for this report

When selections are complete, click Update

Select this checkbox to generate a single ZIP file containing all reports in the selected formats

Select this checkbox to generate a data file containing information from all asterisked reports

Select Mandatory Reports or On Request Reports to navigate to those pages

Click Help Icon to display OnLine Help for Report Setup


Mandatory Reports Mandatory reports cannot be turned off, but you can choose the format in

which they will be generated.

Members are initially set up to receive both report formats. To generate

only one format, follow the directions below.

1. From the Main Menu, select Administration 2. From the Administration Menu, select Member Information. 3. From the Member Information Menu, select Reports The Optional Reports page will be displayed.

4. Select the Mandatory Reports tab at the top of the page The Mandatory Reports page will be displayed.

Click Help Icon to display OnLine Help for Report Setup

Deselect Data checkbox if you do not want text file generated for this report

Deselect Report checkbox if you do not want PDF file generated for this report

Select Optional Reports or On Request Reports to navigate to those pages


On Request Reports Some reports are generated only when requested by the Member. You can

request the Portfolio Analysis Report in MERS OnLine from the Reports

menu.

Portfolio Analysis Report This powerful report shows extensive information about the MINs

requested, and enables you to select parameters to restrict the search

criteria. The first two reports per months are free of charge; subsequent

reports are $125.

You can schedule this report in MERS OnLine from the Reports menu:

1. From the Main Menu, select Reports The Reports menu will be displayed.

2. Select Request Portfolio Analysis Report The Request Portfolio Analysis Report page will be displayed.

When you are done making selections, click Update

Select this checkbox to create a data file containing information from all asterisked reports


When you request the Portfolio Analysis Report, you have the following

options:

Report Schedule (when the report will be generated)

Frequency options are:

Every Month-end last processing day of the month

Every Quarter-end last processing day of the quarter

On Request you enter a specific date for the report to be generated. This date, however, cannot be in the past or greater than sixty days in

the future, and must be a valid MERS System processing date.

Note and Registration Date Ranges (for On Request only)

You can enter from and through Note and Registration dates.

Report Body (Summary or Detail)

If neither option is chosen, the System will default to Detail.

For the Detail report, you have the ability to choose which fields to

include on the report, and whether to sort them by MIN, Pool Number,

or Investor. You can also see the QR flag for each MIN.

Report Medium

You have the option to receive your Portfolio Analysis Report in report form or a data file or both. At least one option must be chosen

when requesting your report.

Select MINs To select the MINs to be included on the report, you will indicate the

appropriate Line of Business (LOB). For example, you may want to

show all MINs for which you are the Servicer. The LOBs you can

choose from are limited to those already selected on your Member

Information on the MERS System.

Group MINs

The MINs on the report will be grouped by the Line of Business you select on the Group the Selected MINs by field. Building on the above example, you can group the MINs for which you are Servicer by

Investor. So youd have a group of Freddie Mac MINs, then a group of Fannie Mae MINs, etc. You can also select which Organizations you

want included on your report.

Report Sort Criteria

You can choose to have the data further sorted either by MIN or by Pool/Investor number.


MIN Status and MIN MOM Values

MOM value of Yes

MOM value of No

MOM value of iRegistration

Any will select MINs with any value in the MOM field.

You can also select MINs with any MIN status, or limit the report to MINs with a particular MIN status (e.g. active, paid in full, etc.)

MERS System Reports Handbook Release 22.0 6/4/12 Report Retrieval 8

Report Retrieval

The MERS System provides scheduled monthly reports as well as daily

activity-based exception and confirmation reports. The reports reflect the

previous days processing and are not real time ad hoc reports. They are based on milestone activities as they are recorded in the system. You may

retrieve these reports using the MERS

OnLine browser application or

download them via FTP.

On Monday, Members should access both Fridays and Saturdays reports.

Reports are available at 7:00 AM Eastern Time, with the exception of On

Request reports, which are available by 10:00 PM.

Automated Report and Data File Retrieval

If your reports are large, you may want to transfer your MERS System

reports in an unattended "hands-off" fashion developing automated FTP

scripts that allow the MERS System reports and/or data files to be picked

up after the completion of the MERS System daily processing. If you

wish to use this option, you should notify EDS integration personnel at the

start of your MERS System Integration project.

OnLine Report Retrieval

To view reports from the MERS

OnLine browser application, Internet

Explorer 6.x is required. The reports are available in either PDF or text

format. They are also available in ZIP format. You will need Adobe

Acrobat in order to view the PDF format, and WinZip to open the ZIP

versions.

To view reports online:

1. Select the Reports option from the MERS OnLine Main Menu.

The Reports Menu will be displayed.

2. Select the date for which you wish to view reports.

The List of Available Reports for that date will be displayed.

3. To display any report in a new browser window, click on the icon for the report version you wish to view.

4. To save the report to your local or network drive, right-click on the icon and choose the save as option.

5. To print the report without first opening it, right-click on the icon and choose the print option.

MERS System Reports Handbook Release 22.0 6/4/12 Report Retrieval 9

Thirty days of reports retained

The first icon

is a PDF file The second icon

is a Text file

The third icon

is PDF zipped

The fourth icon is Text

zipped

MERS System Reports Handbook Release 22.0 6/4/12 Using Your Reports 10

Using Your Reports

Reports reflect updates submitted to the MERS System prior to 10 p.m.

Eastern Time the previous business day.

List of Reports Produced

The List of Reports Produced (ZC) is generated each day if any

transactions have occurred on any MINs with which your organization is

associated. This report will tell you at a glance whether MINs referencing

your organization were registered, transferred, rejected, deactivated, or

reversed for that day. Then you can investigate any unexpected activity (or

lack of expected activity) by looking at the detail reports.

Reject Reports

These reports show you any transactions you submitted via batch file that

were rejected by the system, and the reject reasons. Transactions included

in these reports need to be corrected and resubmitted.

Transfer Reports

The MERS

System generates reports for pending, updated, deleted, and

overdue transfers of beneficial and servicing rights. The seller must

initiate the transfer within fourteen (14) calendar days of the date sold.

Both seller and buyer are responsible for ensuring that transfers are

completed timely, and may incur additional fees if they are not. For that

reason, it is especially important to follow up on overdue transfers before

they expire.

Portfolio Analysis Report

A powerful report, especially useful for reconciling with reports from your

internal systems, is the Portfolio Analysis Report. This is an on-demand

report that shows extensive information about the MINs requested, and

enables you to select parameters to restrict the search criteria. For more

information about this report, see Portfolio Analysis Report in the On

Request Reports section.

MERS System Reports Handbook Release 22.0 6/4/12 List of MERS System Reports 11

List of MERS System Reports

Daily Reports

Produce each processing day, if the appropriate trigger exists.

Monthly Reports

Produce at the end of each calendar month, if the appropriate trigger exists.

Quarterly Reports

Produce on the last Saturday of each calendar quarter, if the appropriate trigger exists.

On Request Reports

Produce on the date or schedule requested.

Event Driven Reports

Produce when the appropriate milestone is created.


Billing Reports

Monthly Reports

Rpt ID Name Report Type

Description Recipients Sort Event Trigger

Cum-ulative

Suggested Action

LB Billing Reconciliation Report

Mandatory Lists all fees that have been

incurred during the current

month to provide Members

with a means of reconciling

their bills.

Organization that initiated

transactions

(Member)

Organization that transmitted

transactions

(Vendor)

MERSCORP Holdings

Member Month end Yes Use to reconcile bills.

LD Monthly Billing Transaction Report1

Optional Lists MIN-level detail on all

transactions that have occurred

since the previous month end

processing cycle to provide

Members with a means of

reconciling their transactions.


transactions

(Member)


transactions

(Vendor)

MERSCORP Holdings

Org ID

MIN

Month end No Use to verify current

months activities.

LE Monthly Prepaid Summary

Mandatory Shows all prepaid records that

are active, future dated or

expired within the current

month.


transactions

(Member with a

Pre-paid billing

Record)

MERSCORP Holdings

Estimated

Start Date

Month end No Use for verification

purposes.

1 For TOS transactions, this report will be created for the Initiating Org ID (always the Servicer, Subservicer or Vendor).


Registration Reports

Daily Reports



Cum-ulative

Suggested Action

PF Pre-Closing Registration Verification

Optional Lists all Pre-Closing

registrations. Servicer

Subservicer

Interim Funding Entity

Investor

Document Custodian

Organization that created the

transaction

Vendor

Org ID of

the

Registering

Member

Servicer

MIN

Registration of a

Pre-Closing loan.

No Use to verify previous

days activities.

PG Pre-Closing Registration Rejects/ Warnings

Mandatory Lists all Pre-Closing

registration rejects and

warnings.

Organization that created the

transaction

Vendor

Severity

of Error

MIN

Error

Code

Registration

Reject or

Warning for a

Pre-Closing loan

No Review the messages,

correct the errors, and

resubmit the transaction

for processing.

RA Seasoned Registration Verification

Optional Lists all MINs that were

successfully registered by

seasoned registration

transactions in the previous

processing cycle.

Servicer

Subservicer

Investor

Document Custodian

Organization that initiated transactions

(Member)


transactions (Vendor)

Interim Funder

Pre-Closing Initiating Member

Org ID

Register-

ing

Member

Servicing

Agent

MOM

Indicator

MIN

Seasoned loan

registration


days activities.




Cum-ulative

Suggested Action

RB Seasoned Registration Rejects/ Warnings

Mandatory Lists all seasoned

registration transactions

that were rejected in the

previous processing cycle.

The report indicates

multiple reasons for

rejection unless the first

error is a problem with the

MIN or security access.

Seasoned loans are those

loans registered more than

270 days after the note

date.


(Member)



Org ID

MIN

Reject

reason

MIN rejected

from seasoned

loan registration




for processing.

RF Registration Verification

Optional Lists all new loans that

were successfully

registered by flow

registration transactions in

the previous processing

cycle in batch, on-line and

XML transactions.

Servicer

Subservicer

Interim funder

Investor

Doc Custodian


(Member)



Pre-Closing Initiating Member

Org ID

Register-

ing

Member

Servicing

Agent

MOM

Indicator

MIN

Registration No Use to verify previous

days activities.

RG Registration Rejects/ Warnings

Mandatory Lists all new batch loan

registration transactions

that were rejected in the

previous processing cycle.


(Member)

Organization that

transmitted

transactions

(Vendor)

Org ID

MIN

MIN rejected

from registration


correct the errors and


for processing.




Cum-ulative

Suggested Action

RH Registered MINs for the Same Primary Borrower SSN, Property and First Lien Daily

Mandatory Lists the active or pre-

closing MINs registered

(Reason Code: R), or

updated (Reason Code:

U)in the previous on-line,

batch or XML processing

cycle that have MINs that

have the same current

primary borrower SSN,

property, and first lien

information.

All parties associated

with the MIN. (Only

MINs that match

MINs that the

Member is associated

with appear on the

report.)

Org ID

MIN1

Status/MI

N2 Status

MIN

MINs registered,

or updated that

have same

current primary

borrower,

property, and lien

information on

first liens.

Lists MINs that

have the same

primary borrower

SSN. When a

SSN is present, a

name match is

not completed.

When the SSN

field is blank and

the primary

borrower is listed

as Corporate

Name, a name

match is

completed.

No Contact servicer or

subservicer of the

associated MIN to ensure

two loans were not

originated for the same

borrower, first lien, and

property combination. If

this is a refinance

situation, request that the

servicer or subservicer

deactivate the old MIN.

RK Registration Reversal Verification


successfully deactivated by

registration reversal

transactions in the previous

processing cycle.

Organization that initiated the

transaction (Member)

Organization that transmitted the

transaction (Vendor)

Servicer

Subservicer

Investor

Interim Funder

Document Custodian

Initiating

Member

MOM

MIN

A MIN will be

included on this

report if a

Registration

Reversal

milestone exists

for the MIN and

the milestone

date equals the

current

processing date.


day's activities.




Cum-ulative

Suggested Action

RL Registration Reversal Rejects/ Warnings

Mandatory Lists all registration

reversal transactions that

were rejected in the

previous batch processing

cycle. The report indicates

multiple reasons for

rejection unless the first

error is a problem with the

MIN or security access. If

the first error is a problem

with the MIN or security

access, the report lists only

that reason.


transaction (Member)


transaction (Vendor)

Severity

Code

(Error

then

Warning)

MIN

A MIN will be

included on this

report if the

MERS System

detects at least

one error or

warning message

while processing

the batch

Registration

Reversal

transaction

during the nightly

processing cycle.




for processing.


Monthly Reports



Cum-ulative

Suggested Action

RI Registered MINs for the Same Primary Borrower, Property, and First Lien - Monthly

Mandatory Lists active and pre-closing

MINs that have the same

current primary borrower,

property, and lien information.

This report is created on the

last Saturday of each month

and is a cumulative report.

MINs continue to appear on

this report until the borrower,

property, or lien information is

updated.

All parties

associated with the

MIN. (Only the

MINs that the

Member is

associated with

appear on the

report.)

Org ID

MIN1Stat

us/MIN2

Status

MIN

MINs registered

or updated that

have the same

current primary

borrower,

property and lien

information on

first liens.

Lists MINs that

have the same

primary borrower

SSN. When a

SSN is present, a

name match is

not completed.

When the SSN

field is blank and

the primary

borrower is listed

as a Corporate

Name, a name

match is

completed.

Yes Contact servicer or

subservicer of the

associated MIN to ensure

two loans were not

originated for the same

borrower, lien, and

property combination. If

this is a refinance

situation, request that the

servicer or subservicer

deactivate the old MIN.


Transfer of Beneficial Rights Reports

Daily Reports



Cum-ulative

Suggested Action

BA Pending Transfer of Beneficial Rights

Optional Lists all transfer of beneficial

rights batches with a transfer

date in the future.

Confirmations performed by

the new and current investor

are reported here up to the

transfer date.

Servicer

Subservicer

Interim funder

Old investor

New investor

Old Document custodian

New Document Custodian


transaction

(Vendor)

Org ID

Transfer type

Batch

number

Pool

Creation of

transfer of

beneficial rights

batch.


days activities.

BB Physical Transfer of Beneficial Rights

Mandatory Lists all physical transfer of

beneficial rights to an investor

when the transfer date has

occurred. This report also

lists all loans that did not

process on the transfer date

due to rejection by the old

investor, new investor, or

system rejection.

Servicer

Subservicer

Old investor

New investor




transaction

(Vendor)

Org ID

Batch

Successful/F

ailed

Transfer date on

a transfer of

beneficial rights

has occurred.

No Use to verify the transfer

has occurred.




Cum-ulative

Suggested Action

BC Overdue Transfer of Beneficial Rights

Mandatory Lists all MINs in beneficial

rights transfer batches that

have not been confirmed or

rejected by all required parties

before the transfer date, and

the transfer batches are

considered to be in overdue

status.

Servicer

Subservicer

Interim funder

Old investor

New investor

Old Document Custodian



transaction

(Vendor)

Org ID

Batch

Transfer date has

passed and the

batch has not

been confirmed

or rejected by all

concerned

parties.

No Parties that have not

confirmed/rejected all

MINs in transfer batch

must do so.

BD Expired Transfer of Beneficial Rights

Optional Lists all beneficial rights

batches (option 2 only) that

have surpassed the transfer

date and the 30-day grace

period that follows without

being confirmed by all parties.

Servicer

Subservicer

Old investor

New investor



Org ID

Batch

Transfer date

and 30-day grace

period expired

and batch has

not been

confirmed or has

been canceled.

No Use to verify batch

deletion by the system

because the batch was in a

transfer overdue status for

more than 30 days.




Cum-ulative

Suggested Action

BF Transfer of Beneficial Rights Rejects

Mandatory Lists all transfer of beneficial

rights transactions that were

rejected in the previous

processing cycle because of

operator or system error.

Transaction Originator


transaction

(Vendor)

Current Servicer

Initiating Org

ID

Error Type1

Additl Secondary

Sort for

Sections 2

and 32

Expected

Seller Org

ID3

Additl Secondary

Sort for

Section 54

Current

Servicer Org

ID

All sections:

Pool Number

Transfer

Batch

Number

MIN

MINs rejected

from a transfer

of beneficial

rights transaction

or entire TOB

batch rejected in

the previous

processing cycle,

or Option 1 TOB

transactions that

are cycling for

10 processing

days.




for processing.

1 Error Types:

B Rejected Batches Section 1 E TOB1 Invalid MINs Expected Seller Org ID not found; MINs cycling Section 2 F TOB1 Invalid MINs Expected Seller Org ID; MINs cycling Section 3 I TOB2 Invalid MINs Section 4 O Other Errors Section 5

2 TOB1 Invalid MINs

3 TOB1s Only

4 Other Errors Error Type O




Cum-ulative

Suggested Action

BG Canceled Transfer of Beneficial Rights

Optional Lists all transfer of beneficial

rights batches that have been

canceled by the initiator of the

batch. Only the initiator of a

batch can cancel a batch. A

batch can be canceled any

time prior to the transfer

effective date. Also includes

batches canceled by the

system when no active MINs

remain in the batch.

Servicer

Subservicer

Old investor

New investor





transaction

(Vendor)

Org ID

Batch

Transfer of

beneficial rights

batch has been

canceled.

No Determine nature of

cancellation and resubmit

batch, if applicable.

BH MINs Deleted -Transfer of Beneficial Rights


transferred as a result of an

Option 1 batch processing

where the MINs that also

existed in an Option 2 batch

were deleted from that Option

2 batch.

Servicer

Subservicer

Old investor

New investor

Doc custodian

Org ID

MIN

MINs deleted

from an Option 2

batch because

they were

transferred in an

Option 1 batch.


days activities.

BI Investor Removed by Option 1 TOB

Optional Lists MINs on which the

investor was removed in the

Option 1 transfer of beneficial

rights process.

The investor removed in the

Option 1 process

New investor

Servicer

Subservicer


New Document custodian

Org ID

MIN

Option 1 transfer

of beneficial

rights in which

an investor is

removed from a

MIN


days activities.

BJ Summary of Transfer of Beneficial Rights Rejects

Optional The report lists, by servicer

Org ID, the number of

rejected MINs for each

servicer Org ID.

Transaction originator


transaction

(Vendor)

Org ID

MIN

Rejects in

transfer of

beneficial rights

process

No Review purposes only.




Cum-ulative

Suggested Action

BL Modified Batch Transfer of Beneficial Rights

Mandatory This report lists MINs that

were added to or deleted from

a pending or overdue TOB

Option 2 batch.

Servicer

Subservicer

Interim Funder

Old Investor

New Investor



Batch

MIN

Generated when

one or more

MINs are added

to or deleted

from a TOB

batch

No Use for verification

purposes.


Monthly Reports



Cum-ulative

Suggested Action

BK Org ID to Agency ID Cross-Reference Report

Optional This report lists the Org ID

and Member Name for all

MERS System Members

that have Agency ID

populated for the Agency

investor. The report is used

by GNMA and other Agency

investors to verify accurate

Agency IDs have been loaded

to the MERS System as well

as to identify any missing

Agency IDs for Members

selling beneficial rights to the

Agencies.

Org IDs with Agency ID

populated in

Member Profile

and Agency

Name = GNMA,

FNMA or

FHLMC

Agency

Investor Org

ID

Agency

ID

Agency investor

Org ID

No Verify accurate Agency

IDs have been loaded to

the MERS System.

Identify any missing

Agency IDs for Members

selling beneficial rights to

the Agencies.


Transfer of Servicing Rights Reports

Daily Reports



Cum-ulative

Suggested Action

SA Pending Transfer of Servicing Rights

Optional Lists all transfer of servicing

batches with transfer dates in

the future. Confirmations

performed by the current

servicer, current investor, new

servicer and new subservicer

are reported here up to the

transfer date.

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder




transaction

(Vendor)

Org ID

Transfer

type

Batch

Number

Pool

A transfer of

servicing rights

batch has been

created or still

exists in a

pending transfer

status.


days activities

SC Physical Transfer of Servicing Rights

Mandatory Lists all transfer of servicing

rights batches when the

transfer to the new servicing

entity has occurred (i.e.

transfer date has been reached

and required confirmations

completed as applicable).

This report also lists all loans

that did not process on the

transfer date due to rejection

by the old investor, new

investor, or system rejection.

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder



Transmitting Org

Org ID

Batch

Transfer date has

occurred on a

transfer of

servicing rights

batch

No Use to verify transfer of

servicing responsibility has

occurred.




Cum-ulative

Suggested Action

SD Expired Transfer of Servicing Rights


batches that have surpassed

the 30-day grace period that

did not have confirmations

completed. The transfer batch

expiration date is the latter of

either the Transfer Effective

Date + 30 days or the Transfer

Batch Creation Date + 30

days.

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder



Org ID

Transfer

Type

Batch

Pool

MIN

Transfer status is

Expired.

Transfer Date or

Transfer

Creation Date

more than 30

days old and

transfer of

servicing has not

occurred for the

batch.

No Use to verify batch

deletion by the system due

to batch being in transfer

overdue status for 30 days.

Use to recreate batch if

needed.

SE Overdue Transfer of Servicing Rights

Mandatory Lists all MINs in transfer of

servicing batches that have not

been confirmed by all required

parties before the transfer

date, and the transfer batches

are considered to be in

overdue status.

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder




transaction

(Vendor)

Org ID

Transfer

Type

Batch

Pool

MIN

Transfer of

servicing rights

batch with MINs

not confirmed

and transfer date

has passed.

No Use to verify batches that

have not been confirmed

or canceled and that will

be deleted by the system

when the expiration date is

reached. Confirm the

batches if desired to

prevent batch deletion.




Cum-ulative

Suggested Action

SF Transfer of Servicing Rights Rejects/ Warnings

Mandatory Lists all transfer of servicing

transactions that were rejected

in the previous processing

cycle because of operator or

system error.


Old servicer

New servicer

Doc custodian


transaction

(Vendor)

Initiating

Org ID

Severity

(error or

warning)

Transaction

Type

Error Type1

Servicer

Org ID

Pool

Number

Batch

Number

MIN

MINs rejected

from a transfer

of servicing

rights transaction

or entire TOS

batch rejected in

the previous

processing cycle.




for processing.

1 Error Types: Rejected Batches, Invalid MINs, Other

SG Canceled Transfer of Servicing Rights


rights batches that have been

canceled by the initiator of the

batch. Only the initiator of the

batch can cancel a batch. A

batch can be canceled any

time prior to its completion

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder




transaction

(Vendor)

Org ID

Transfer

Type

Batch

Pool

MIN

Transfer of

servicing rights

batch canceled

by the initiator

of the batch.


days activities.




Cum-ulative

Suggested Action

SH Current Investor Changed for Pending TOS Rights

Optional Lists MINs that existed

simultaneously in a transfer of

servicing rights batch and a

transfer of beneficial rights

Option 1 batch for which the


investor replaced the current

investor on all MINs in the

transfer of servicing rights

batch.

Old servicer

New servicer

Old subservicer

New subservicer

Old investor

New investor



Org ID

Transfer

Type

Batch

Pool

MIN

Current investor

replaced by the

transfer of

beneficial rights

transaction

because the MIN

existed

simultaneously

in a transfer of

servicing rights

batch.


days activities.

SI MINS Deleted from Pending TOS Rights

Optional Lists MINs that were deleted

from a pending transfer of

servicing rights batch because

the MIN existed

simultaneously in an Option 1


batch.

Old servicer

New servicer

Old subservicer

New subservicer

Old investor

New investor



Org ID

Transfer

Type

Batch

Pool

MIN

MINs deleted

from a pending

servicing rights

batch because it

also existed in an

Option 1 transfer

of beneficial

rights batch and

the TOB

contained only

some of the

MINs in the

TOS. A new

TOS has been

created for these

MINs.


days activities.

SJ Modified Batch Transfer of Servicing Rights

Mandatory Lists all MINs that were added

to or deleted from pending and

overdue TOS batches.

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder

Old document custodian

New document custodian

Batch

Number

MINs added to,

or deleted from,

a TOS batch


days activities.


Deactivation Reports

Daily Reports



Cum-ulative

Suggested Action

DA Foreclosure Verification

Optional This report contains all updates

that were made by foreclosure

transactions that were entered

since the previous processing

cycle. The following

transactions are included on this

report:

Foreclosure status reset

Deactivate-Assigned from MERS for Default or

Bankruptcy


Bankruptcy Reversal

Foreclosure pending (Option 3), iRegistration

Reinstated or modified (Option 2)


Foreclosure complete

Reversal of Foreclosure Complete deactivation

Servicer

Subservicer

Interim funder

Investor

Doc custodian


transaction

(Member)


transaction

(Vendor)

Org ID

Transaction

MIN

Foreclosure

transaction

updates


days activities.




Cum-ulative

Suggested Action

DD Deactivation Summary

Optional Lists all loans that were

deactivated since the last

processing cycle by deactivation

reason.

Servicer

Subservicer

Interim funder

Investor

MERSCORP Holdings


transaction

(Member)


transaction

(Vendor)

Org ID

Deactivatio

n

Reason

MIN

Deactivated

MIN(s)

No No action required

Informational/verification

purposes




Cum-ulative

Suggested Action

DF Foreclosure Reject Report

Mandator

y

Lists all foreclosure transactions

that were rejected in the previous

processing cycle, along with the

reason for the rejection.

Foreclosure status reset

Foreclosure pending (Option 1), assigned to servicer


Bankruptcy


Bankruptcy Reversal

Foreclosure pending (Option 2), retained on MERS

Foreclosure pending (Option 3), iRegistration

Reinstated or modified(Option 1), assigned back to MERS

Reinstated or modified(Option 1), not assigned back to

MERS-iRegistration

Reinstated or modified(Option 1), not assigned back to

MERS-deactivation



Foreclosure Complete

Reversal of Reinstated or modified(Option 1), not

assigned back to MERS

deactivation

Reversal of Foreclosure Complete deactivation

Servicer

Subservicer

Interim funder

Investor


transaction

(Member)


transaction

(Vendor)

Org ID

MIN

Reject

reason

Foreclosure

transaction

rejected




for processing.




Cum-ulative

Suggested Action

DK Paid in Full Verification

Optional Lists all paid in full transactions

that were entered since the

previous cycle.

The following transactions are

included on this report:

Paid in full

Reversals of either of the above transactions

Servicer

Subservicer

Interim funder

Investor

Document Custodian


transaction

(Member)


transaction

(Vendor)

Org ID

MIN

Paid in full

deactivation

performed, or

reversal of this

deactivation

type.


days activities.

DL Transfer to Non-MERS Status Verifications

Optional Lists all transfer to Non-MERS

Status transactions that were

input since the last processing

cycle.

Transfer to Non-MERS Status

deactivation may be used for

MINs transferred to a Non-

MERS Member, MOM and Non-

MOM loans assigned to the

Servicer, or iRegistration loans

Member no longer wishes to

track on the MERS System




Transfer to Non-MERS Status reversal

Servicer

Subservicer

Interim funder

Investor

Document Custodian


transaction

(Member)


transaction

(Vendor)

Org ID

MIN

MINs

deactivated

using Transfer to

Non-

MERSStatus

transaction, or

reversal of this

deactivation

type.


days activities.




Cum-ulative

Suggested Action

DM Default by Serv/SubservServicing Transferred to Non-MERS Member Verification

Mandator

y

Lists all default by servicer or

subservicer - servicing

transferred to non-MERS

Member transactions that were

input since the previous

processing cycle.

The transactions included on this

report are listed below:

Default by servicer deactivation

Default by subservicer deactivation

Reversal of either of the above transactions

Servicer

Subservicer

Interim funder

Investor

Document Custodian


transaction

(Member)


transaction

(Vendor)

Org ID

MIN

Default by

Servicer or

Default by

Subservicer

deactivation, or

reversal of one

of these

deactivation

types,.


days activities.

DP Payoff Reject Report

Mandator

y

Lists all payoff transactions that

were rejected in the previous

processing cycle, along with the

reason for the rejection. The

report indicates multiple reasons

for rejection unless the first error

is a problem with the MIN or

security access. If the first error

is a problem with the MIN or

security access, the report lists

only that reason.



Paid in full

Reversal of the above transactions

Servicer

Subservicer

Interim funder

Investor


transaction

(Member)


transaction

(Vendor)

Org ID

MIN

Reject

reason

Payoff

deactivation or

reversal

transaction was

rejected.




for processing.




Cum-ulative

Suggested Action

DQ Transfer to Non-MERS Status Rejects Report

Mandator

y

Lists all transfer to Non-MERS

Status transactions that were

rejected in the previous cycle,

along with the reason for the

rejection. The report indicates

multiple reasons for rejection

unless the first error is a problem

with the MIN or security access.

If the first error is a problem with

the MIN or security access, the

report lists only that reason.




Transfer to Non-MERS Status reversal

Servicer

Subservicer

Interim funder

Investor


transaction

(Member)


transaction

(Vendor)

Org ID

MIN

Reject

reason

Transfer to Non-

MERS Status

deactivation or

reversal

transaction

rejected.




for processing.

DR Default by Servicer to Non- Member Rejects Report

Mandator

y

Lists all Default by Servicer or

Default by Subservicer to non-

member deactivation

transactions that were rejected in

the previous processing cycle,

along with the reason for the

reject. The report indicates

multiple reasons for rejection

unless the first error is a problem

with the MIN or security access.

If the first error is a problem with

the MIN or security access, the

report lists only that reason.

The transactions that are

included on this report are listed

below:

Default by Servicer deactivation

Default by Subservicer deactivation

Reversal of either of the above deactivation transactions

Servicer

Subservicer

Interim funder

Investor


transaction

(Member)


transaction

(Vendor)

Org ID

MIN

Reject

reason

Default by

Servicer or

Default by

Subservicer--to

non-member

deactivation or

reversal

transaction

rejected.




for processing.


Monthly Reports



Cum-ulative

Suggested Action

DI Past Due Foreclosure Terminations

Mandatory Lists all loans that have been

in a foreclosure pending status

for more than the Member-

specified period without a

subsequent update to the

foreclosure status or the MIN

status. This report is created

on the last Saturday of each

month.

Servicer

Subservicer

Interim funder

Investor

Org ID

MIN

MIN is still in

foreclosure

status and

defined number

of days

exceeded.

Yes Review the foreclosure

status of the loan and

update the MERS

System, if applicable.


Interim Funder Reports

Daily Reports



Cum-ulative

Suggested Action

IA Co-Existing Security Interests

Mandatory Lists all loans that now belong

to an investor with an interim

funder and/or warehouse

gestation lender. The interim

funder and investor are both

shown as having a security

interest in the beneficial rights

on a particular MIN. An

interim funder and/or

warehouse gestation lender

releases its interests by

clearing the interim funder

Org ID field.

Servicer

Subservicer

Interim funder

Investor

Warehouse Gestation Lender

Org ID

MIN

Beneficial rights

tied to both an

interim funder

and an investor

or warehouse

gestation lender

Yes Interim funder and/or

warehouse gestation lender

must release its interest by

clearing the Interim

Funder Org ID field.

IB Release of Security Interest by Interim Funder

Optional Lists all loans that now belong

to an investor and the interim

funder has released its

interests. Interim funder

interests are released

automatically by Option 1

Transfer of Beneficial Rights.

Interim Funder interests are

released by the Member

named as Interim Funder

completing a Release of

Interim Fund

MERS Reports HB Rel22

Documents

Transcript of MERS Reports HB Rel22