I have a loan with Chase and called them for the MERS number and they said they didn’t use that. Anybody else confirm that?
From the MERS website new section:
MERS Response to J.P. Morgan Chase Statement
JP Morgan Chase is a valued member of MERS. They currently have their correspondent loans registered on the MERS® System. They do not, nor have they ever, registered their retail loans on the MERS System. As members of MERS and for loans registered on the MERS System, banks have the option of foreclosing in their own name, or MERS foreclosing for them. JPMC has chosen to foreclose in their own name, which is a common decision that is allowed under the structure of MERS.”
I take that to mean if you used a mortgage brokerage company or your loan was sold to Chase by the company that originated the loan then MERS would have a record of it.
If your loan was originated with Chase then MERS won’t have it in their system.
Funny as much as MERS has been in the news for the past year that the above info is the only “news” listed on their news section of the website.
Here's the link to the "new" and "improved" MERS look-up tool.
We've been ripped off and must demand immediate return of all stolen money and private property. Our entire economy is a fraudulent shell-game.