Since 1980s

Title Land Edification (TLE) proprietary data technologies verification tool discovered mass breaks, irregularities (intentional), and errors (intentional) in just one state and local government real estate recording, judicial, and tax jurisdictions data-management cadastre systems—affecting US residential first-lien mortgage loans originated, registered, purported serviced, and transferred on the fatally flawed financial institutions’ member-based a national electronic mortgage tracking database system.

The initial Mortgage Electronic Registration System, Inc.” mortgage is recorded in the state local county recorders’ (or equivalent county offices’) with “Mortgage Electronic Registration System, Inc.” (MERS)—on its MERS® System named as the lender’s nominee or mortgagee of record on the deed of trust (or mortgage) instrument. During the lifetime of the mortgage, the beneficial ownership interest or purported servicing rights may be transferred among MERS® System members (MERS mortgage (or deed of trust) assignments). However, these mortgage (or deed of trust) assignments are not usually publicly recorded—instead they are tracked electronically in the private MERS® System, though, without notifying potential and existing homeowners each time the mortgage loan itself or the rights to purportedly service the loan is transferred, in violation of federal laws, which states, in part, each purported servicer of any federally related mortgage loan shall notify the borrower in writing of any assignment, sale, or transfer of the purported servicing of the loan to any other person. (emphasis added)

Proper procedures must be followed to ensure the reliability of the chain of ownership, to secure the reliable transfer of property, and to assure the enforcement of the rules that govern real property.

The MERS® System cannot prove that it has transfer both mortgage and underlying promissory note, as required by law, evidenced by these disturbing findings: