owned by citimortgage, fannie mae and other big mortgage players. mortgage electronic systems. when banks sell a mortgage, they use it to keep track. they have 64 million loans in the data base. if a bank wants to foreclosure, it simply turns to mers for the necessary documentation, it s faster and cheaper. the mers papers sometimes don t reflect the true status of the mortgage. seeing forgeries. we are seeing back datings. we are seeing post datings, largely cause lenders are scrambling to come up with a chain of title that mers was ill equipp equipped. it provides trance parn si to the housing finance department.