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MERS System Reports Handbook Release 25.5 Table of Contents i

Table of Contents

Introduction ..................................................................................................................1

Report Setup .................................................................................................................2Report Formats ............................................................................................................................. 2Optional Reports ........................................................................................................................... 2

Mandatory Reports ....................................................................................................................... 3

On Request Reports ...................................................................................................................... 5

Portfolio Analysis Report ........................................................................................................................ 5

Report Retrieval ...........................................................................................................7Automated Report and Data File Retrieval................................................................................ 7

OnLine Report Retrieval .............................................................................................................. 7

Using Your Reports ......................................................................................................9

List of Reports Produced.............................................................................................................. 9Reject Reports ............................................................................................................................... 9

Transfer Reports ........................................................................................................................... 9

Portfolio Analysis Report ............................................................................................................. 9

List of MERSSystem Reports ................................................................................10

Daily Reports ......................................................................................................................................... 10

Monthly Reports .................................................................................................................................... 10

Quarterly Reports .................................................................................................................................. 10

On Request Reports .............................................................................................................................. 10

Event Driven Reports ............................................................................................................................ 10

Billing Reports ............................................................................................................................. 11Monthly Reports .................................................................................................................................... 11

Billing Reconciliation Report ........................................................................................................ 11

Monthly Billing Transaction Report............................................................................................. 11

Monthly Prepaid Summary ........................................................................................................... 11

Registration Reports ................................................................................................................... 12

Daily Reports ......................................................................................................................................... 12

Pre-Closing Registration Verification .......................................................................................... 12

Pre-Closing Registration Rejects/ Warnings ............................................................................... 12

Seasoned Registration Verification ............................................................................................... 12

Seasoned Registration Rejects/ Warnings .................................................................................... 13

Registration Verification ................................................................................................................ 13Registration Rejects/ Warnings ..................................................................................................... 13

Registered MINs for the Same Primary Borrower SSN, Property and First Lien Daily ..... 14

Registration Reversal Verification ................................................................................................ 14

Registration Reversal Rejects/ Warnings ..................................................................................... 15

Monthly Reports .................................................................................................................................... 15

Registered MINs for the Same Primary Borrower, Property, and First Lien - Monthly ........ 15

Conversion Reports .................................................................................................................... 16

Daily Reports ......................................................................................................................................... 16


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MERS System Reports Handbook Release 25.5 Table of Contents ii

Conversion Verification Report .................................................................................................... 16

Conversion Rejects / Warnings Report ........................................................................................ 16

Transfer of Beneficial Rights Reports....................................................................................... 17

Daily Reports ......................................................................................................................................... 17

Pending Transfer of Beneficial Rights .......................................................................................... 17

Physical Transfer of Beneficial Rights.......................................................................................... 17

Overdue Transfer of Beneficial Rights ......................................................................................... 17Expired Transfer of Beneficial Rights .......................................................................................... 18

Transfer of Beneficial Rights Rejects ........................................................................................... 18

Canceled Transfer of Beneficial Rights ........................................................................................ 19

MINs Deleted -Transfer of Beneficial Rights ............................................................................... 19

Investor Removed by Option 1 TOB ............................................................................................ 19

Summary of Transfer of Beneficial Rights Rejects ..................................................................... 19

Modified Batch Transfer of Beneficial Rights .......................................................................... 20

Monthly Reports .................................................................................................................................... 20

Org ID to Agency ID Cross-Reference Report ............................................................................ 20

Transfer of Servicing Rights Reports ....................................................................................... 21

Daily Reports ......................................................................................................................................... 21

Pending Transfer of Servicing Rights ........................................................................................... 21

Physical Transfer of Servicing Rights .......................................................................................... 21

Expired Transfer of Servicing Rights ........................................................................................... 21

Overdue Transfer of Servicing Rights .......................................................................................... 22

Transfer of Servicing Rights Rejects/ Warnings ......................................................................... 22

Canceled Transfer of Servicing Rights ......................................................................................... 22

Current Investor Changed for Pending TOS Rights................................................................... 23

MINS Deleted from Pending TOS Rights .................................................................................... 23

Modified Batch Transfer of Servicing Rights ........................................................................... 24

Deactivation Reports .................................................................................................................. 24

Daily Reports ......................................................................................................................................... 24

Foreclosure Verification ................................................................................................................ 24

Deactivation Summary ................................................................................................................... 25

Foreclosure Reject Report ............................................................................................................. 25

Paid in Full Verification ................................................................................................................. 26

Transfer to Non-MERS Status Verifications ............................................................................... 26

Default by Serv/SubservServicing Transferred to Non-MERS Member Verification ......... 27

Payoff Reject Report ...................................................................................................................... 27

Transfer to Non-MERS Status Rejects Report ............................................................................ 28

Default by Servicer to Non- Member Rejects Report ................................................................. 28

Monthly Reports .................................................................................................................................... 29

Past Due Foreclosure Terminations .............................................................................................. 29

Interim Funder Reports ............................................................................................................. 29Daily Reports ......................................................................................................................................... 29

Co-Existing Security Interests ....................................................................................................... 29

Release of Security Interest by Interim Funder .......................................................................... 30

Interim Funder Rejects .................................................................................................................. 30

Interim Funder MIN Information ................................................................................................ 30

Quality Assurance Reports ........................................................................................................ 31

Monthly Reports .................................................................................................................................... 31

MINs Without Originating Organization..................................................................................... 31


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MERS System Reports Handbook Release 25.5 Table of Contents iii

County Unknown Warnings .......................................................................................................... 31

Lite Member Aged MIN Servicing................................................................................................ 31

Associated Member Reports ...................................................................................................... 32


MIN Milestones ............................................................................................................................... 32

Change Notification ........................................................................................................................ 32

Purged MIN Archival Reports .................................................................................................. 33Monthly ................................................................................................................................................. 33

MIN Archival .................................................................................................................................. 33

MIN Generation Reports ........................................................................................................... 33

Daily Reports ......................................................................................................................................... 33

Reserved MIN ................................................................................................................................. 33

Reserved MIN Pending Expiration ............................................................................................... 33

MERSeRegistry Reports ......................................................................................................... 34

Daily Reports ......................................................................................................................................... 34

Daily Duplicate eNote Records ...................................................................................................... 34

Mis-matched MIN/ eNote Record ................................................................................................. 34

Monthly Reports .................................................................................................................................... 34Monthly Duplicate eNote Records ................................................................................................ 34

Miscellaneous Reports ................................................................................................................ 35

Daily Reports ......................................................................................................................................... 35

Assumption Verification Report ................................................................................................... 35

Assumption Rejects/ Warnings Report ........................................................................................ 35

Maintenance Verification Report .................................................................................................. 35

Maintenance Rejects/ Warnings Report ....................................................................................... 35

Daily Summary of Activity Report ............................................................................................... 36

Batch File Rejects Report .............................................................................................................. 36

Inactive User Tracking ................................................................................................................... 36

List of Reports Produced ............................................................................................................... 37

Weekly Reports ...................................................................................................................................... 37

User Security Audit ........................................................................................................................ 37

On Request Reports .................................................................................................................... 38

Detail Portfolio Analysis Report ................................................................................................... 38

Summary Portfolio Analysis Report ............................................................................................. 38

Other Reports .............................................................................................................................. 38

Investor Option 1 Reconciliation................................................................................................... 38

Consolidated Report Data File ...................................................................................................... 38

Internal Reports .......................................................................................................................... 39

Billing Audit Report ....................................................................................................................... 39

Mailing Address Maintenance Report .......................................................................................... 39Member Information Maintenance Report.................................................................................. 39

Member Lockout Report ............................................................................................................... 39

eRegistry MINs Matched Report .................................................................................................. 39

eRegistry System Address Failures Report .................................................................................. 40

eRegistry Certificate Expiration Report ...................................................................................... 40

County Unknown Summary .......................................................................................................... 40

MERS Lite Aged MIN Summary .................................................................................................. 40

Delinquent MERS as Original Mortgagee Registration ............................................................. 41


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MERS System Reports Handbook Release 25.5 Table of Contents iv

Report List ...................................................................................................................................... 41

Residential Logon Failures ............................................................................................................ 41

Report Samples ...........................................................................................................42Billing Reports ............................................................................................................................. 42

Monthly Reports .................................................................................................................................... 42

Billing Reconciliation Report ........................................................................................................ 42

Monthly Billing Transaction Report............................................................................................. 43Monthly Prepaid Summary ........................................................................................................... 44

Registration Reports ................................................................................................................... 45

Daily Reports ......................................................................................................................................... 45

Pre-Closing Registration Verification .......................................................................................... 45

Pre-Closing Registration Rejects/ Warnings ............................................................................... 46

Seasoned Registration Verification ............................................................................................... 47

Seasoned Registration Rejects/ Warnings .................................................................................... 48

Registration Verification ................................................................................................................ 49

Registration Rejects/ Warnings ..................................................................................................... 50

Registered MINs for the Same Primary Borrower SSN, Property and First Lien Daily ..... 51

Registration Reversal Verification ................................................................................................ 52Registration Reversal Rejects/ Warnings ..................................................................................... 52

Monthly Reports .................................................................................................................................... 53

Registered MINs for the Same Primary Borrower, Property, and First Lien - Monthly ........ 53

Transfer of Beneficial Rights Reports....................................................................................... 54

Daily Reports ......................................................................................................................................... 54

Pending Transfer of Beneficial Rights .......................................................................................... 54

Physical Transfer of Beneficial Rights.......................................................................................... 55

Overdue Transfer of Beneficial Rights ......................................................................................... 56

Expired Transfer of Beneficial Rights .......................................................................................... 57

Transfer of Beneficial Rights Rejects ........................................................................................... 58

Canceled Transfer of Beneficial Rights ........................................................................................ 60MINs Deleted -Transfer of Beneficial Rights ............................................................................... 60

Investor Removed by Option 1 TOB ............................................................................................ 61

Summary of Transfer of Beneficial Rights Rejects ..................................................................... 62

Modified Batch Transfer of Beneficial Rights .......................................................................... 63

Monthly Reports .................................................................................................................................... 64

Org ID to Agency ID Cross-Reference Report ............................................................................ 64

Transfer of Servicing Rights Reports ....................................................................................... 65

Daily Reports ......................................................................................................................................... 65

Pending Transfer of Servicing Rights ........................................................................................... 65

Physical Transfer of Servicing Rights .......................................................................................... 66

Expired Transfer of Servicing Rights ........................................................................................... 67Overdue Transfer of Servicing Rights .......................................................................................... 68

Transfer of Servicing Rights Rejects/ Warnings ......................................................................... 69

Canceled Transfer of Servicing Rights ......................................................................................... 71

Current Investor Changed for Pending TOS Rights................................................................... 72

MINS Deleted from Pending TOS Rights .................................................................................... 73

Modified Batch Transfer of Servicing Rights ........................................................................... 74

Deactivation Reports .................................................................................................................. 75

Daily Reports ......................................................................................................................................... 75


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MERS System Reports Handbook Release 25.5 Table of Contents v

Foreclosure Verification ................................................................................................................ 75

Deactivation Summary ................................................................................................................... 76

Foreclosure Reject Report ............................................................................................................. 77

Past Due Foreclosure Terminations .............................................................................................. 78

Paid in Full Verification ................................................................................................................. 79

Transfer to Non-MERS Status Verifications ............................................................................... 80

Default by Serv/SubservServicing Transferred to Non-MERS Member Verification ......... 81

Payoff Reject Report ...................................................................................................................... 82

Transfer to Non-MERS Status Rejects Report ............................................................................ 83

Default by Servicer to Non- Member Rejects Report ................................................................. 83

Interim Funder Reports ............................................................................................................. 84

Daily Reports ......................................................................................................................................... 84

Co-Existing Security Interests ....................................................................................................... 84

Release of Security Interest by Interim Funder .......................................................................... 85

Interim Funder Rejects .................................................................................................................. 85

Interim Funder MIN Information ................................................................................................ 86

Conversion Reports .................................................................................................................... 87

Daily Reports ......................................................................................................................................... 87

Conversion Verification Report .................................................................................................... 87

Conversion Rejects / Warnings Report ........................................................................................ 88

Quality Assurance Reports ........................................................................................................ 89

Monthly Reports .................................................................................................................................... 89

MINs Without Originating Organization..................................................................................... 89

County Unknown Warnings .......................................................................................................... 90

Lite Member Aged MIN Servicing................................................................................................ 91

Associated Member Reports ...................................................................................................... 92


MIN Milestones ............................................................................................................................... 92

Change Notification ........................................................................................................................ 93

MERSeRegistry Reports ......................................................................................................... 94

Daily Reports ......................................................................................................................................... 94

Daily Duplicate eNote Records ...................................................................................................... 94

Mis-matched MIN/ eNote Record ................................................................................................. 95

Monthly Reports .................................................................................................................................... 96

Monthly Duplicate eNote Records ................................................................................................ 96

Miscellaneous Reports ................................................................................................................ 97

Daily Reports ......................................................................................................................................... 97

Assumption Verification Report ................................................................................................... 97

Assumption Rejects/ Warnings Report ........................................................................................ 98

Maintenance Verification Report .................................................................................................. 98

Maintenance Rejects/ Warnings Report ....................................................................................... 99

Daily Summary of Activity Report ............................................................................................. 100

Batch File Rejects Report ............................................................................................................ 101

Inactive User Tracking ................................................................................................................. 101

User Security Audit ...................................................................................................................... 102

List of Reports Produced ............................................................................................................. 103

On Request Reports .................................................................................................................. 104

Detail Portfolio Analysis Report ................................................................................................. 104

Summary Portfolio Analysis Report ........................................................................................... 105


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MERS System Reports Handbook Release 25.5 Introduction 1

Introduction

We have developed theMERS System Reports Handbookto help you find anduse the reports you need to reconcile your records with the MERS

System.

The report reconciliation process is an important part of ensuring that bothtransactions and data are correct on the MERSSystem. You should reconcilereports generated by the MERSSystem daily with those created by any of yourinternal or external systems used for batch processing to identify anydiscrepancies in system activity.

Reports are available on the MERSSystem for thirty days. After six processingdays they are available in ZIP format only. You should retrieve reports at least

weekly, and implement a method for storing them until they are no longer needed.You should retain all reports in some format at least until you have reconciled thedays activity. If you have not saved a needed report more than thirty days old, theMERSCORP Holdings Help Desk can provide the report, if still archived, but youwill be charged for this service. To request an archived report, contact theMERSCORP Holdings Help Desk.

Other useful manuals include:

MERS

System Procedures Manualwhich contains information on MERSSystem policies and procedures, and can help you determine how the MERSSystem impacts your business processes

MERSSystem Integration Handbook, Volume Iwhich provides detailed

information on becoming MERSSystem Ready

MERS System Integration Handbook Volume II,which provides the technicalspecifications for interacting with the MERSSystem. This manual is of mostuse to Members that send flat file or EDI X12 transmissions

EDI Implementation Guidefor Members who are using the EDI X12 interface

All of these documents are available on the MERSCORP Holdings, Inc. memberwebsitemembers.mersinc.org.


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MERS System Reports Handbook Release 25.5 Report Setup 2

Report Setup

Report FormatsMERSOnLine provides monthly reconciliation reports and daily activity-basedexception and confirmation reports. The reports reflect the previous daysprocessing and are not real time, nor ad hoc reports. Each report should bereviewed on a daily basis to verify activity from the previous day. Some reportsare mandatory, while others are optional.

Both mandatory and optional reports may be generated in either or both of twoformats:

Report: A PDF file is generatedData: A text file is generated.

In addition, ZIP files are created for each format chosen. You can also choose tohave all reports added to a single ZIP file so that you only need to download onefile each day. And you can generate a single tab-delimited text file containing theinformation for most transactions, which you can then manipulate using your owninternal software.

When a new organization is first activated on MERSOnLine, both the Reportand Data formats are selected. For each report, a PDF file, a zipped PDF file, atext file, and a zipped text file is created. If you need just one format, you can turn

off the other format for one or more reports.

Optional ReportsMERSOnLine allows you to specify which optional reports are produced foryour Org ID.

New Members are initially set up to receive all reports (excluding the CombinedReport/Data Files). Once you are familiar with content of the optional reports,you can specify which reports your organization requires using the OptionalReportspage.

1. From the Main Menu, select Administration2. From the Administration Menu, select Member Information.

3. From the Member Information Menu, select Reports.


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The Optional Reports page displays.

Mandatory ReportsMandatory reports cannot be turned off, but you can choose the format in which

they will be generated.

Members are initially set up to receive both report formats. To generate only oneformat, follow the directions below.1. Access the Mandatory Reports page (Administration > Member Information >

Reports).2. Select theMandatory Reportstab

Remove the Select Reportcheckmarkbeside eachreport to be discontinued

Combined Report/Data Fileisinitially turned off.

Select this box to consolidate

all selected daily reports intoone zip file, eliminating theneed to download eachreportindividually.

*Consolidated Report Data Fileis initially turned off.

Select this box to downloadcompressed textdata only for allasterisked reports.

Do not select this checkbox if the

one for Combined Report/DataFileis selected.)

Format:Check Report to generate aPDF file, and/or the Data togenerate a text file.

When complete,click Update


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Format:Check Report to generate aPDF file, and/or the Data togenerate a text file.

Select Optional Reportstoview / manage those reports

When complete,click Update

*Consolidated Report Data Fileis initially turned off.

Select this box to downloadcompressed textdata only for allasterisked reports.

Do not select this checkbox if the

one for Combined Report/DataFileis selected.)


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On Request ReportsSome reports are generated only when requested by the Member. You can requestthe Portfolio Analysis Report in MERSOnLine from the Reports menu.

Portfolio Analysis Report

This powerful report shows extensive information about the MINs requested, andenables you to select parameters to restrict the search criteria. The first tworeports per months are free of charge; subsequent reports are $125.

You can schedule this report in MERSOnLine from the Reports menu:1. From the Main Menu, select Reports

The Reports menu will be displayed.

2. Select Request Portfolio Analysis ReportThe Request Portfolio Analysis Report page will be displayed.

When you request the Portfolio Analysis Report, you have the following options:

Report Schedule (when the report will be generated)

Frequency options are:

Every Month-end last processing day of the month

Every Quarter-end last processing day of the quarter

On Request you enter a specific date for the report to be generated. Thisdate, however, cannot be in the past or greater than sixty days in the future,and must be a valid MERSSystem processing date.

Note and Registration Date Ranges (for On Request only)

You can enter from and through Note and Registration dates.

Report Body (Summary or Detail)

If neither option is chosen, the System will default to Detail.

For the Detail report, you have the ability to choose which fields to include on thereport, and whether to sort them by MIN, Pool Number, or Investor. You can alsosee the QR flag for each MIN.

Report Medium

You have the option to receive your Portfolio Analysis Report in report formor a data file or both. At least one option must be chosen when requestingyour report.

Select MINsTo select the MINs to be included on the report, you will indicate theappropriate Line of Business (LOB). For example, you may want to show allMINs for which you are the Servicer. The LOBs you can choose from are


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limited to those already selected on your Member Information on the MERSSystem.

Group MINs

The MINs on the report will be grouped by the Line of Business you select on

the Group the Selected MINs by field. Building on the above example, youcan group the MINs for which you are Servicer by Investor. So youd have agroup of Freddie Mac MINs, then a group of Fannie Mae MINs, etc. Youcan also select which Organizations you want included on your report.

Report Sort Criteria

You can choose to have the data further sorted either by MIN or byPool/Investor number.

MIN Status and MIN MOM Values

MOM value of Yes

MOM value of NoMOM value of iRegistration

Any will select MINs with any value in the MOM field.

You can also select MINs with any MIN status, or limit the report to MINswith a particular MIN status (e.g. active, paid in full, etc.)


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MERS System Reports Handbook Release 25.5 Report Retrieval 7

Report Retrieval

The MERSSystem provides scheduled monthly reports as well as daily activity-based exception and confirmation reports. The reports reflect the previous daysprocessing and are not real time ad hoc reports. They are based on milestoneactivities as they are recorded in the system. You may retrieve these reports using

the MERS OnLine browser application or download them via FTP.

On Monday, Members should access both Fridays and Saturdays reports.

Reports are available at 7:00 AM Eastern Time, with the exception of On Requestreports, which are available by 10:00 PM.

Automated Report and Data File Retrieval

If your reports are large, you may want to transfer your MERSSystem reports inan unattended "hands-off" fashion developing automated FTP scripts that allowthe MERS

System reports and/or data files to be picked up after the completion

of the MERSSystem daily processing. If you wish to use this option, youshould notify EDS integration personnel at the start of your MERS

System

Integration project.OnLine Report Retrieval

To view reports from the MERS OnLine browser application, Internet Explorer6.x is required. The reports are available in either PDF or text format. They are

also available in ZIP format. You will need Adobe Acrobat in order to view thePDF format, and WinZip to open the ZIP versions.

To view reports online:

1. Select the Reports option from the MERSOnLine Main Menu.

The Reports Menu will be displayed.

2. Select the date for which you wish to view reports.

The List of Available Reports for that date will be displayed.

3. To display any report in a new browser window, click on the icon for thereport version you wish to view.

4. To save the report to your local or network drive, right-click on the icon andchoose the save as option.

5. To print the report without first opening it, right-click on the icon and choosethe print option.


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MERS System Reports Handbook Release 25.5 Report Retrieval 8

Thirty days of reportsare available

The third icon isPDF zipped

The fourth iconis Text zipped

The second iconis a Text file

The first icon isa PDF file


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MERS System Reports Handbook Release 25.5 Using Your Reports 9

Using Your Reports

Reports reflect updates submitted to the MERSSystem prior to 10 p.m. EasternTime the previous business day.

List of Reports Produced

The List of Reports Produced (ZC) is generated each day if any transactions haveoccurred on any MINs with which your organization is associated. This reportwill tell you at a glance whether MINs referencing your organization wereregistered, transferred, rejected, deactivated, or reversed for that day. Then youcan investigate any unexpected activity (or lack of expected activity) by lookingat the detail reports.

Reject Reports

These reports show you any transactions you submitted via batch file that wererejected by the system, and the reject reasons. Transactions included in thesereports need to be corrected and resubmitted.

Transfer Reports

The MERS System generates reports for pending, updated, deleted, and overduetransfers of beneficial and servicing rights. The seller must initiate the transferwithin fourteen (14) calendar days of the date sold. Both seller and buyer are

responsible for ensuring that transfers are completed timely, and may incuradditional fees if they are not. For that reason, it is especially important to followup on overdue transfers before they expire.

Portfolio Analysis Report

A powerful report, especially useful for reconciling with reports from yourinternal systems, is the Portfolio Analysis Report. This is an on-demand reportthat shows extensive information about the MINs requested, and enables you toselect parameters to restrict the search criteria. For more information about thisreport, see Portfolio Analysis Reportin the On Request Reportssection.


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MERS System Reports Handbook Release 25.5 List of MERS System Reports

List of MERS

System Reports

Daily Reports

Produced each processing day, if the appropriate trigger exists.

Monthly Reports

Produced at the end of each calendar month, if the appropriate trigger exists.

Quarterly Reports

Produced on the last Saturday of each calendar quarter, if the appropriate trigger exists.

On Request Reports

Produced on the date or schedule requested.

Event Driven Reports

Produced when the appropriate milestone is created.


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Billing ReportsMonthly Reports

Rpt ID NameReportType

Description Recipients SortEvent

TriggerCum-

ulativeSuggested Action

LB BillingReconciliationReport

Mandatory Lists all fees that have beenincurred during the currentmonth to provide Memberswith a means of reconcilingtheir bills.

Organization thatinitiatedtransactions(Member)

Organization that

transmittedtransactions(Vendor)

MERSCORPHoldings, Inc.

Member Month end Yes Use to reconcile bills.

LD MonthlyBillingTransactionReport1

Optional Lists MIN-level detail on alltransactions that have occurredsince the previous month endprocessing cycle to provideMembers with a means ofreconciling their transactions.


Organization thattransmittedtransactions(Vendor)


Org IDMIN

Month end No Use to verify currentmonths activities.

LE MonthlyPrepaidSummary

Mandatory Shows all prepaid records that

are active, future dated orexpired within the currentmonth.

Organization that

initiatedtransactions(Member with aPre-paid billingRecord)


Estimated

Start Date

Month end No Use for verification

purposes.

1For TOS transactions, this report will be created for the Initiating Org ID (always the Servicer, Subservicer or Vendor).


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Registration ReportsDaily Reports



TriggerCum-


PF Pre-ClosingRegistrationVerification

Optional Lists all new Pre-Closingloans that weresuccessfully registered inthe previous processingcycle in both system-to-

system and on-linetransactions

Servicer

Subservicer

Interim FundingEntity

Investor

DocumentCustodian

Organization thatcreated thetransaction

Vendor

Org ID of theRegisteringMember

Servicer

MIN

Registration of aPre-Closing loan.

No Use to verify previousdays activities.

PG Pre-ClosingRegistrationRejects/Warnings

Mandatory Lists all new batch Pre-Closing loan transactionsthat were rejected in theprevious cycle

Organization thatcreated thetransaction

Vendor

Severity ofError

MIN

Error Code

RegistrationReject orWarning for aPre-Closing loan

No Review the messages,correct the errors, andresubmit the transactionfor processing.

RA SeasonedRegistrationVerification

Optional Lists all MINs successfullyregistered by seasonedregistration transactions inthe previous processingcycle.

Note: Seasoned loans arethose loans registered morethan 270 days after thenote date.

Servicer

Subservicer

Investor

DocumentCustodian



Interim Funder

Pre-ClosingInitiating Member

Org IDRegistering

MemberServicing

AgentMOM

IndicatorMIN

Seasoned loanregistration



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TriggerCum-


RB SeasonedRegistrationRejects/Warnings

Mandatory Lists all seasonedregistration transactionsrejected in the previousprocessing cycle. Thereport indicates multiplereasons for rejection unlessthe first error is a problemwith the MIN or securityaccess. Seasoned loans arethose loans registered morethan 270 days after thenote date.



Org IDMIN

Rejectreason

MIN rejectedfrom seasonedloan registration


RF RegistrationVerification

Optional Lists all new loanssuccessfully registered byflow registrationtransactions in the previousprocessing cycle in batch,online and XMLtransactions.

Servicer

Subservicer

Interim funder

Investor

Doc Custodian



Pre-Closing

Initiating Member

Org IDRegistering

MemberServicing

AgentMOM

IndicatorMIN

Registration No Use to verify previousdays activities.

RG RegistrationRejects/Warnings

Mandatory Lists all new batch loanregistration transactionsrejected in the previousprocessing cycle.



Org IDMIN

MIN rejectedfrom registration

No Review the messages,correct the errors andresubmit the transactionfor processing.


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TriggerCum-


RH RegisteredMINs for theSame PrimaryBorrowerSSN, Propertyand First Lien

Daily

MandatoryLists the active or pre-closing MINs registered(Reason Code: R), orupdated (Reason Code: U)that have the same currentprimary borrower SSN,property, and first lieninformation as of five (5)calendar days ago.

Servicer

Subservicer

Investor

Org IDMIN1 Status/MIN2 Status

(Pre-ClosingMINs willdisplay beforeActive MINs)

MINs registeredor updated thathave samecurrent primaryborrower,property, and lieninformation onfirst liens.

Lists MINs that

have the sameprimary borrowerSSN. When aSSN is present, aname match isnotcompleted.When the SSNfield is blank andthe primaryborrower is listedas CorporateName, a namematch iscompleted.

No Servicer or subservicermust ensure that the twoloans were not originatedfor the same borrower,first lien, and propertycombination.

For a refinance, deactivatethe old MIN.

RK RegistrationReversalVerification

Optional Lists all MINs that weresuccessfully deactivated byregistration reversal

transactions in the previousprocessing cycle.

Organization thatinitiated thetransaction(Member)

Organization thattransmitted thetransaction(Vendor)

Servicer

Subservicer

Investor

Interim Funder

DocumentCustodian

InitiatingMember

MOM

MIN

A MIN will beincluded on thisreport if a

RegistrationReversalmilestone existsfor the MIN andthe milestonedate equals thecurrentprocessing date.

No Use to verify previousday's activities.


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TriggerCum-


RL RegistrationReversalRejects/Warnings

Mandatory Lists all registrationreversal transactions thatwere rejected or hadwarning messages in theprevious batch processingcycle. The report indicatesmultiple reasons forrejection unless the firsterror is a problem with theMIN or security access. Ifthe first error is a problemwith the MIN or securityaccess, the report lists onlythat reason.



Severity Code(Error thenWarning)

MIN

A MIN will beincluded on thisreport if theMERS

System

detects at leastone error orwarning messagewhile processingthe batchRegistrationReversaltransactionduring the nightlyprocessing cycle.


Monthly Reports



TriggerCum-


RI RegisteredMINs for theSame PrimaryBorrower,Property, and

First Lien -Monthly

Mandatory Lists active and pre-closingMINs with the same currentprimary borrower SSN,property, and lieninformation.

Duplicate MINs do not

appear on the report until fivecalendar days after a MIN isidentified as a duplicate.

This report is created on thelast Saturday of each monthand is a cumulative report.MINs continue to appear onthis report until the borrower,property, or lien informationis updated.

Servicer

Subservicer

Investor

Org IDAddress-MIN1 Status-MIN2 Status

(within

Address, Pre-Closing MINswill displaybefore ActiveMINs)

MINs registeredor updated thathave the samecurrent primaryborrower,property and lien

information onfirst liens.

Lists MINs thathave the sameprimary borrowerSSN. When aSSN is present, aname match isnotcompleted.When the SSNfield is blank andthe primaryborrower is listedas a Corporate

Yes Servicer or subservicermust ensure that the twoloans were not originatedfor the same borrower,lien, and propertycombination.

For a refinance, deactivatethe old MIN.


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TriggerCum-


Name, a namematch iscompleted.

Conversion ReportsDaily Reports

Rpt ID NameReport

TypeDescription Recipients Sort

Event

Trigger

Cum-


CF ConversionVerificationReport

Mandatory Lists all MINs for anorganization where asuccessful conversiontransaction occurred onthe reporting day.

Organizationinitiating thetransaction

Organizationsubmitting thetransaction

Servicer

Subservicer

Investor

Interim Funder

Document Custodian

RegisteringMember OrgID

MIN

MINs where asuccessfulconversiontransactionoccurred onthe reportingday

No Use to verify previous

days activities.

CG ConversionRejects /Warnings

Report

Mandatory Lists all MINs for anorganization where awarning or error occurred

in the processing of aconversion transaction onthe current processingday.

Initiating Member

Transacting Member

Org ID

Error Code

MIN

All MINswhere awarning or

error occurredin theprocessing ofa conversiontransaction onthe currentprocessingday.

No Use to verify current daysactivities.


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Transfer of Beneficial Rights ReportsDaily Reports



TriggerCum-


BA PendingTransfer ofBeneficialRights

Optional Lists all transfer ofbeneficial rights batcheswith a transfer date in thefuture. Confirmationsperformed by the new and

current investor arereported here up to thetransfer date.

Servicer

Subservicer

Interim funder

Old investor

New investor

Old Documentcustodian

New DocumentCustodian


Org IDTransfer typeBatch numberPool

Creation oftransfer ofbeneficial rightsbatch.


BB PhysicalTransfer ofBeneficialRights

Mandatory Lists all physical transferof beneficial rights to aninvestor when the transferdate has occurred. Thisreport also lists all loansthat did not process on thetransfer date due torejection by the oldinvestor, new investor, or

system.

Servicer

Subservicer

Old investor

New investor



Organization that

transmitted thetransaction(Vendor)

Org IDBatch

Successful/Failed

Transfer date ona transfer ofbeneficial rightshas occurred.

No Use to verify the transfer

has occurred.

BC OverdueTransfer ofBeneficialRights

Mandatory Lists all MINs in beneficialrights transfer batches thathave not been confirmed orrejected by all requiredparties before the transferdate, and the transferbatches are considered tobe in overdue status.

Servicer

Subservicer

Interim funder

Old investor

New investor

Old DocumentCustodian


Organization that

Org IDBatch

Transfer date haspassed and thebatch has notbeen confirmedor rejected by allconcernedparties.

No Parties that have notconfirmed/rejected allMINs in transfer batchmust do so.


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TriggerCum-



BD ExpiredTransfer ofBeneficialRights

Optional Lists all beneficial rightsbatches (option 2 only) thathave surpassed the transferdate and the 30-day graceperiod that follows withoutbeing confirmed by allparties.

Servicer

Subservicer

Old investor

New investor



Org IDBatch

Transfer dateand 30-day graceperiod expiredand batch hasnot beenconfirmed or hasbeen canceled.

No Use to verify batchdeletion by the systembecause the batch was in atransfer overdue status for

more than 30 days.

BF Transfer ofBeneficialRights Rejects

Mandatory Lists all transfer ofbeneficial rightstransactions that wererejected in the previousprocessing cycle becauseof operator or system error.

TransactionOriginator


Current Servicer

Initiating OrgIDError Type

1

Additional

Secondary Sort

for Sections 2

and 32

Expected SellerOrg ID

3

AdditionalSecondary Sort

for Section 54

Current ServicerOrg ID

All sections:Pool Number

Transfer BatchNumberMIN

MINs rejectedfrom a transferof beneficialrights transactionor entire TOBbatch rejected inthe previousprocessing cycle,or Option 1 TOBtransactions thatare cycling for10 processingdays.


1Error Types:B Rejected Batches Section 1E TOB1 Invalid MINs Expected Seller Org ID not found; MINs cycling Section 2F TOB1 Invalid MINs Expected Seller Org ID; MINs cycling Section 3I TOB2 Invalid MINs Section 4O Other Errors Section 5

2TOB1 Invalid MINs

3TOB1s Only

4Other Errors Error Type O


25/111




TriggerCum-


BG CanceledTransfer ofBeneficialRights

Optional Lists all transfer ofbeneficial rights batchesthat have been canceled bythe initiator of the batch.Only the initiator of abatch can cancel a batch.A batch can be canceledany time prior to thetransfer effective date.Also includes batchescanceled by the systemwhen no active MINsremain in the batch.

Servicer

Subservicer

Old investor

New investor



Transaction

OriginatorOrganization thattransmitted thetransaction(Vendor)

Org IDBatch

Transfer ofbeneficial rightsbatch has beencanceled.

No Determine nature ofcancellation and resubmitbatch, if applicable.

BH MINs Deleted -Transfer ofBeneficialRights

Optional Lists all MINs that weretransferred because of anOption 1 batch processingwhere the MINs that alsoexisted in an Option 2batch were deleted fromthat Option 2 batch.

Servicer

Subservicer

Old investor

New investor

Doc custodian

Org IDMIN

MINs deletedfrom an Option 2batch becausethey weretransferred in anOption 1 batch.


BI InvestorRemoved byOption 1 TOB

Optional Lists MINs on which theinvestor was removed inthe Option 1 transfer ofbeneficial rights process.

The investorremoved in theOption 1 process

New investor

ServicerSubservicer


New Documentcustodian

Org IDMIN

Option 1 transferof beneficialrights in whichan investor isremoved from aMIN


BJ Summary ofTransfer ofBeneficialRights Rejects

Optional The report lists, by servicerOrg ID, the number ofrejected MINs for eachservicer Org ID.

Transactionoriginator


Org IDMIN

Rejects intransfer ofbeneficial rightsprocess

No Review purposes only.


26/111




TriggerCum-


BL ModifiedBatch Transfer ofBeneficialRights

Mandatory This report lists MINs thatwere added to or deletedfrom a pending or overdueTOB Option 2 batch.

Servicer

Subservicer

Interim Funder

Old Investor

New Investor



BatchMIN

Generated whenone or moreMINs are addedto or deletedfrom a TOBbatch

No Use for verificationpurposes.

Monthly Reports



TriggerCum-


BK Org ID toAgency IDCross-ReferenceReport

Optional Agency Investors use thisreport to identify inaccurate ormissing Agency IDs in theMERS

System. The report

lists the Org ID and MemberName of all MERS

System

Members that have theAgency ID for a specificAgency Investor (such asGNMA, FNMA, or FHLMC)populated in their Member

Options.

Agency Investors,such as GNMA,FNMA orFHLMC

AgencyInvestor OrgID

AgencyID

Member haspopulated anAgency ID for aspecific AgencyInvestor in itsMemberOptions.

Yes Verify accurate AgencyIDs have been loaded tothe MERS System.Identify any missingAgency IDs for Membersselling beneficial rights tothe Agencies.


27/111


Transfer of Servicing Rights ReportsDaily Reports



TriggerCum-


SA PendingTransfer ofServicingRights

Optional Lists all transfer of servicingbatches with transfer dates inthe future. Confirmationsperformed by the current

servicer, current investor, newservicer and new subservicerare reported here up to thetransfer date.

Old servicer

New servicer

Old subservicer

New subservicer

InvestorInterim Funder




Org IDTransfertypeBatch

NumberPool

A transfer ofservicing rightsbatch has beencreated or still

exists in apending transferstatus.

No Use to verify previousdays activities

SC PhysicalTransfer ofServicingRights

Mandatory Lists all transfer of servicingrights batches when thetransfer to the new servicingentity has occurred (i.e.transfer date has been reachedand required confirmationscompleted as applicable).

This report also lists all loansthat did not process on thetransfer date due to rejectionby the old investor, newinvestor, or system.

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder



Transmitting Org

Org IDBatch

Transfer date hasoccurred on atransfer ofservicing rightsbatch

No Use to verify transfer ofservicing responsibility ha

occurred.

SD ExpiredTransfer ofServicingRights

Optional Lists all transfer of servicingbatches that have surpassedthe 30-day grace period thatdid not have confirmationscompleted. The transfer batchexpiration date is the latter ofthe Transfer Effective Date +30 days or the Transfer Batch

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder


Org IDTransferTypeBatchPoolMIN

Transfer status isExpired.Transfer Date orTransferCreation Datemore than 30days old andtransfer of

No Use to verify batchdeletion by the system dueto batch being in transferoverdue status for 30 days.Use to recreate batch ifneeded.


28/111




TriggerCum-


Creation Date + 30 days. New DocumentCustodian

servicing has notoccurred for thebatch.

SE OverdueTransfer ofServicingRights

Mandatory Lists all MINs in transfer ofservicing batches that have notbeen confirmed by all requiredparties before the transferdate, and the transfer batchesare considered to be in

overdue status.

Old servicer

New servicer

Old subservicer

New subservicer

Investor

Interim Funder





Transfer ofservicing rightsbatch with MINsnot confirmedand transfer datehas passed.

No Use to verify batches thathave not been confirmedor canceled and that willbe deleted by the systemwhen the expiration date isreached. Confirm the

batches if desired toprevent batch deletion.

SF Transfer ofServicingRightsRejects/Warnings

Mandatory Lists all transfer of servicingtransactions that were rejectedin the previous processingcycle because of operator orsystem error.

TransactionOriginator

Old servicer

New servicer

Doc custodian

Organization thattransmitted thetransaction

(Vendor)

InitiatingOrg IDSeverity(error orwarning)TransactionTypeError Type

1

ServicerOrg IDPoolNumberBatchNumberMIN

MINs rejectedfrom a transferof servicingrights transactionor entire TOSbatch rejected inthe previousprocessing cycle.


1Error Types: Rejected Batches, Invalid MINs, Other

SG CanceledTransfer ofServicingRights

Optional Lists all transfer of servicingrights batches that have beencanceled by the initiator of thebatch. Only the initiator of thebatch can cancel a batch. A

Old servicer

New servicer

Old subservicer

New subservicer

Org IDTransferTypeBatchPool

Transfer ofservicing rightsbatch canceledby the initiator

No Use to verify previous

days activities.


29/111




TriggerCum-


batch can be canceled anytime prior to its completion

Investor

Interim Funder




MIN of the batch.

SH CurrentInvestorChanged forPending TOSRights

Optional Lists MINs that existedsimultaneously in a transfer ofservicing rights batch and atransfer of beneficial rightsOption 1 batch for which thetransfer of beneficial rightsinvestor replaced the currentinvestor on all MINs in thetransfer of servicing rightsbatch.

Old servicer

New servicer

Old subservicer

New subservicer

Old investor

New investor




Current investorreplaced by thetransfer ofbeneficial rightstransactionbecause the MINexistedsimultaneouslyin a transfer ofservicing rightsbatch.


SI MINS Deletedfrom PendingTOS Rights

Optional Lists MINs that were deletedfrom a pending transfer ofservicing rights batch becausethe MIN existedsimultaneously in an Option 1

transfer of beneficial rightsbatch.

Old servicer

New servicer

Old subservicer

New subservicer

Old investorNew investor



Org IDTransferTypeBatchPool

MIN

MINs deletedfrom a pendingservicing rightsbatch because italso existed in an

Option 1 transferof beneficialrights batch andthe TOBcontained onlysome of theMINs in theTOS. A newTOS has beencreated for theseMINs.



30/111


31/111




TriggerCum-


Complete deactivation

DD DeactivationSummary

Optional Lists all loans that weredeactivated since the lastprocessing cycle bydeactivation reason.

Servicer

Subservicer

Interim funder

Investor




Org ID

Deactivation

ReasonMIN

DeactivatedMIN(s)

No No action required

Informational/verificationpurposes

DF ForeclosureReject Report

Mandatory Lists all foreclosuretransactions that were rejectedin the previous processingcycle, along with the reason forthe rejection.

Foreclosure status reset

Foreclosure pending (Option1), assigned to servicer

Deactivate-Assigned fromMERS for Default or

BankruptcyDeactivate-Assigned fromMERS for Default orBankruptcy Reversal

Foreclosure pending (Option2), retained on MERS

Foreclosure pending (Option3), iRegistration

Reinstated ormodified(Option 1), assignedback to MERS

Reinstated ormodified(Option 1), notassigned back to MERS-iRegistration

Servicer

Subservicer

Interim funder

Investor


Organization thattransmitted thetransaction

(Vendor)

Org IDMINReject

reason

Foreclosuretransactionrejected



32/111




TriggerCum-


Reinstated ormodified(Option 1), notassigned back to MERS-deactivation

Reinstated or modified(Option 2)

Reinstated or modified(Option 3)

Foreclosure Complete

Reversal of Reinstated or

modified(Option 1), notassigned back to MERSdeactivation

Reversal of ForeclosureComplete deactivation

DK Paid in FullVerification

Optional Lists all paid in full transactionsthat were entered since theprevious cycle.

The following transactions areincluded on this report:

Paid in full

Reversals of either of theabove transactions

Servicer

Subservicer

Interim funder

Investor

DocumentCustodian


Organization that


Org IDMIN

Paid in fulldeactivationperformed, orreversal of thisdeactivationtype.


DL Transfer toNon-MERSStatusVerifications

Optional Lists all transfer to Non-MERSStatus transactions that wereinput since the last processingcycle.

Transfer to Non-MERS Statusdeactivation may be used forMINs transferred to a Non-MERS Member, MOM andNon-MOM loans assigned tothe Servicer, or iRegistration

Servicer

Subservicer

Interim funder

Investor

DocumentCustodian


Org IDMIN

MINsdeactivatedusing Transfer toNon-MERSStatustransaction, orreversal of thisdeactivationtype.



33/111




TriggerCum-


loans Member no longer wishesto track on the MERS

System


Transfer to Non-MERSStatus

Transfer to Non-MERSStatus reversal


DM Default byServ/SubservServicingTransferred toNon-MERSMemberVerification

Mandatory Lists all default by servicer orsubservicer - servicingtransferred to non-MERSMember transactions that wereinput since the previousprocessing cycle.

The transactions included onthis report are listed below:

Default by servicerdeactivation

Default by subservicerdeactivation

Reversal of either of theabove transactions

ServicerSubservicer

Interim funder

Investor

DocumentCustodian



Org IDMIN Default byServicer orDefault bySubservicerdeactivation, orreversal of oneof thesedeactivationtypes.


DP Payoff RejectReport

Mandatory Lists all payoff transactions thatwere rejected in the previous

processing cycle, along with thereason for the rejection. Thereport indicates multiplereasons for rejection unless thefirst error is a problem with theMIN or security access. If thefirst error is a problem with theMIN or security access, thereport lists only that reason.


Paid in full

Reversal of the above

Servicer

Subservicer

Interim funderInvestor



Org IDMIN

Rejectreason

Payoffdeactivation or

reversaltransaction wasrejected.

No Review the messages,correct the errors and

resubmit the transactionfor processing.


34/111




TriggerCum-


transactions

DQ Transfer toNon-MERSStatus RejectsReport

Mandatory Lists all transfer to Non-MERSStatus transactions that wererejected in the previous cycle,along with the reason for therejection. The report indicatesmultiple reasons for rejectionunless the first error is aproblem with the MIN or

security access. If the first erroris a problem with the MIN orsecurity access, the report listsonly that reason.


Transfer to Non-MERSStatus

Transfer to Non-MERSStatus reversal

Servicer

Subservicer

Interimfunder

Investor

Organization thatinitiated thetransaction

(Member)Organization thattransmitted thetransaction(Vendor)

Org IDMINReject

reason

Transfer to Non-MERS Statusdeactivation orreversaltransactionrejected.


DR Default byServicer toNon- MemberRejectsReport

Mandatory Lists all Default by Servicer orDefault by Subservicer to non-member deactivationtransactions that were rejectedin the previous processingcycle, along with the reason for

the reject. The report indicatesmultiple reasons for rejectionunless the first error is aproblem with the MIN orsecurity access. If the first erroris a problem with the MIN orsecurity access, the report listsonly that reason.

The transactions that areincluded on this report are listedbelow:

Default by Servicerdeactivation

Default by Subservicer

Servicer

Subservicer

Interim funder

Investor



Org IDMINReject

reason

Default byServicer orDefault bySubservicer--tonon-memberdeactivation or

reversaltransactionrejected.



35/111




TriggerCum-


deactivation

Reversal of either of theabove deactivationtransactions

Monthly Reports

Rpt ID Name ReportType

Description Recipients Sort EventTrigger

Cum-ulative

Suggested Action

DI Past DueForeclosureTerminations

Mandatory Lists all loans that have beenin a foreclosure pending statusfor more than the Member-specified period without asubsequent update to theforeclosure status or the MINstatus. This report is createdon the last Saturday of eachmonth.

Servicer

Subservicer

Interim funder

Investor

Org IDMIN

MIN is still inforeclosurestatus anddefined numberof daysexceeded.

Yes Review the foreclosurestatus of the loan andupdate the MERS

System, if applicable.

Interim Funder ReportsDaily Reports

Rpt ID NameReportType Description Recipients Sort

EventTrigger

Cum-ulative Suggested Action

IA Co-ExistingSecurityInterests

Mandatory Lists all loans that now belong toan investor with an interimfunder and/or warehousegestation lender. The interimfunder and investor are bothshown as having a securityinterest in the beneficial rights ona particular MIN. An interimfunder and/or warehousegestation lender releases itsinterests by clearing the interimfunder Org ID field.

Servicer

Subservicer

Interim funder

Investor

WarehouseGestation Lender

Org IDMIN

Beneficial rightstied to both aninterim funderand an investoror warehousegestation lender

Yes Interim funder and/orwarehouse gestationlender must release itsinterest by clearing theInterim Funder Org IDfield.


36/111




TriggerCum-


IB Release ofSecurityInterest byInterim Funder

Optional Lists all loans that now belong toan investor where the interimfunder has released its interests.Interim funder interests arereleased automatically by Option1 Transfer of Beneficial Rights.Interim Funder interests arereleased by the Member namedas Interim Funder completing aRelease of Interim Funder

transaction in MERS OnLine,batch transaction 253 or via X12.

Servicer

Subservicer

Interim funder

Investor

Org IDMIN

Interim funderhas released itsinterests on aMIN or theinterim funderhas beenremoved by anOption 1 TOB.


IC Interim FunderRejects

Mandatory Lists all release of interimfunding interests transactions thatwere rejected in the previousprocessing cycle because ofoperator or system error. Thereport indicates multiple reasonsfor rejection and not just the firstone the system encounters unlessthe first error is a problem withthe entire batch or securityaccess. If the first error is aproblem with the batch orsecurity access, the report listsonly that reason.

Interim funder


Organization thattransmitted thetransaction (Vendor)

Org IDMINReject

reason

Interim fundertransaction hasrejected.


IF Interim FunderMINInformation

Optional Lists all MINs that have had anInterim Funder Org ID added inthe current processing cycle.

CurrentServicer

CurrentSubservicer

Current InterimFunder

RegisteringMemberOrg ID

ServicingAgent OrgID

MIN

Interim Funderhas been addedto an active MINvia an Updatetransaction afterthe MINRegistration.

No Use for verificationpurposes.


37/111


Quality Assurance Reports

Monthly Reports



TriggerCum-


QE MINs WithoutOriginatingOrganization

Mandatory A monthly report identifyingloans missing an OriginatingOrganization or containing anOrg ID value of 1011001.

Servicers

Subservicers (ifidentified on theMIN)

Investor

RegistrationDate

Generated when:

Non-MOM loanswith a Note Dateafter March 31, 2012

do not contain eitheran Originating OrgID or Original NoteHolder

MOM loans with aNote Date afterMarch 31, 2012 donot contain anOriginating Org ID

Non-MOM andMOM loans that havean Originating OrgID of 1011001

At least 60 days havepassed since theregistration of theloan.

Yes Update the Non-Mom MINs witheither an OriginatingOrg ID or Original

Note HolderUpdate the MomMINs with anOriginating Org ID

QM CountyUnknownWarnings

Mandatory If the County/Placedescription on a MINcontains County Unknown,the report will be generatedfor the Servicer andSubservicer (if applicable).

iRegistrations are excludedfrom this report.

Servicers

Subservicers (ifidentified on theMIN)

PropertyState, MIN

Active MINs withCounty Unknown in theCounty/Place LegalDescription field

Yes Update the MIN withthe correctCounty/PlaceDescription name orFIPS/ANSI code.

QV Lite MemberAged MINServicing

Mandatory This report is generated foreach Lite Member that isidentified as the Servicer ofa MIN later than 90 daysfrom the Note Date, or

Current ServicerNote Date MINs that have a Lite

Member as theServicer and the reportdate is equal to orgreater than 90 days

Yes Transfer MINs to anon-MERS

Lite

Servicer, or ifappropriate,deactivate the MIN


38/111




TriggerCum-


Funding Date if present. from the MINs NoteDate, or Funding Dateif populated.

or reverse theregistration.

Associated Member ReportsEvent Driven Reports



TriggerCum-


VA MINMilestones

Optional Generated when any milestonetransaction takes place onMINs with AssociatedMembers.

AssociatedMemberidentified on theMIN

AssociatedMember

TransactionInitiatingOrganization

MIN withinOrganization

Dailytransactionsthat createmilestoneson theMINs

No Use to verify that amilestone transaction hasoccurred on MINs thathave associated Members.

VB ChangeNotification

Optional Sent to the old and/or newAssociated Member everytime there has been anaddition, change, or removalof an Associated Member tothe MIN they are associatedwith due to a registration orupdate.

Previous and newAssociatedMembersidentified on aMIN selected forthe report.

AssociatedMembers

Servicing Agent

MIN

Any timethere hasbeen anadd,change, orremoval ofanAssociatedMember onthe MINdue to aregistrationor update

No Use to verify there hasbeen an addition, change,or removal of anAssociated Member to aMIN due to a registrationor update.


39/111


Purged MIN Archival ReportsMonthly


Description Recipients SortEventTrigger

Cum-ulative

Suggested Action

PB MIN Archival Mandatory The MIN Archival Report listsall MINs that were archivedoff the MERS

System

database that month.

Servicer

Subservicer

Investor

DocumentCustodian

Interim Funder

MIN StatusMIN

A MIN wasarchived offthe database

No Used to provide an audittrail for the Member.

MIN Generation ReportsDaily Reports



TriggerCum-


RM Reserved MIN Optional Lists all MINs that werereserved for an Or

Documents

MERS Reports HB Rel 25