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Simplify Your Compliance with Indecomm’s Automated MERS Audit Solution

Check out Indecomm's new Automated MERS Audit. Simplify MERS compliance today.

Staying compliant with MERS requirements is critical for lenders of all sizes but it is most certainly time-consuming. Whether you’re a large lender conducting monthly audits or a mid-sized lender managing quarterly reviews, ensuring that your loan data matches the MERS registry can be daunting, time-consuming, and prone to human error. That’s where Indecomm steps in with its innovative Automated MERS Audit solution—a tool designed to simplify your compliance efforts and enhance operational efficiency.

The Compliance Challenge
As a MERS member, you must conduct regular audits to ensure that the loan data in the MERS registry aligns with your internal records. This is not just a routine task—it’s a critical compliance requirement regulated by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. Larger lenders must complete these audits monthly, while mid-sized lenders typically perform them quarterly. Additionally, an annual review is mandatory, and for firms with 1,000 or more active MINs, this review must be conducted by an independent third party by the end of the year.

Allocating personnel to manage these audits can be resource-intensive, and the process itself is often prone to manual errors. Missing even a small discrepancy can lead to significant compliance issues. For many organizations, the complexity and scale of these audits have become a frustrating and time-consuming operational hassle. Fortunately, automation is available to make this part of your job easier. Since Indecomm specializes in all things automation, that is exactly what we did.

Introducing Indecomm’s Automated MER Audit Solutions

Indecomm has developed an Automated MERS Audit solution that transforms how you manage your MERS compliance. Designed with both large and mid-sized lenders in mind, this tool automates the entire audit process, ensuring that your records are accurate, discrepancies are identified promptly, and compliance is maintained effortlessly.

The Key Features are Exactly What You Need

Automated Matching: Our solution seamlessly matches your closing records against the MERS registry, verifying that each loan is accurately reflected in the electronic registry. This automation eliminates the need for manual data comparison, significantly reducing the chances of errors.
Exception Reporting: Any mismatches between your records and the MERS registry are flagged by our intelligent exception reporting system. This allows you to quickly address discrepancies and stay compliant without the need for constant manual oversight.
Regulatory Compliance: Our solution ensures that you meet all GSE requirements, providing peace of mind that your audits are thorough and accurate. By automating these processes, MERSCORP Holdings can effectively monitor member compliance with the Membership Agreement requirements.
Efficiency and Accuracy: Automating the audit process not only saves time but also frees up your team to focus on more strategic tasks. The result is higher accuracy, faster resolution of discrepancies, and a more streamlined operation overall.
User-Friendly: One bonus: you don’t see a thing. Our solution runs in the back end, simplifying the audit process.

Why Choose Indecomm’s Automated MERS Audit Solution?

Allocating personnel for MERS audits can be both resource-intensive and error-prone. Indecomm’s automated solution offers a reliable alternative that not only meets regulatory requirements but also enhances your operational efficiency. By automating the matching process and flagging exceptions, you can focus on resolving issues quickly and maintaining compliance effortlessly.

Don’t let audits bog you down—simplify your compliance process with Indecomm’s Automated MERS Audit Solution.

Ready to Learn More?

If you’re looking to streamline your MERS audits and ensure consistent compliance with minimal effort, Indecomm is here to help. Contact us today to learn more about how our solution can transform your audit process and keep your organization compliant.

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