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All mortgage loans, first and second liens, must be transferred to CBC Mortgage Agency as Investor (owner/beneficiary) and Servicer through MERS at the same time the first mortgage is transferred, which will be within seventy-two (72) hours after the first mortgage is purchased, but never before purchase (MERS ORG #1012881). Review this in section 10.2.
We remind all correspondents of the following when registering and transferring MINs:

  • Select the correct lien type for the loan
  • Ensure the loan amount is correct
  • Lender organization ID is entered as the Originator for all first mortgages
  • CBCMA organization ID is entered as the Originator for second mortgages
  • Borrower(s) social security number is correct
  • FHA Case Number is entered and is correct (if applicable)
  • Enter the CBC Mortgage Agency loan number as Investor Loan Number

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20-22: MERS Transfer | CBC Mortgage Agency20-22: MERS Transfer | CBC Mortgage Agency