Gateway Bank is MERS ready.

MERS was created by the real estate finance industry to eliminate the need to prepare and record assignments when trading mortgage loans. MERS streamlines the mortgage process by using electronic commerce to eliminate paper.

Beneficiaries of MERS include mortgage originators, servicers, warehouse lenders, wholesale lenders, retail lenders, document custodians, settlement agents, title companies, insurers, investors, county recorders and consumers. 

Please see the MERS site for a detailed list of the cost savings our clients will realize as a result of using MERS.

Gateway Bank encourages all of the clients we work with to utilize the MERS system.

To learn more about MERS, visit their website!

Return to Previous Page