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Removal of MERS mortgages from Maine

Form Update
Description

To support FNMA and FHLMC decision to no longer accept loans using mortgages that name MERS as original mortgagee, DocMagic is removing the MERS versions of Maine mortgages from the Maine state build.  For loans where mortgagees still wish to assign to MERS, FNMA/FHLMC require use of the new form 3749.  Recognizing the use of FNMA/FHLMC versions of mortgages in the various states by FHA, VA and in that the decision taken by FNMA/FHLMC is a reaction to judicial action in the state of Maine disfavoring the naming of MERS as mortgagee, DocMagic is also updating the mortgages for these loan programs, as well as for second-lien loans and HELOCs. 

SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.