Most commercial real estate loan documents give meaning to the phrase “real estate is old as dirt.” Why? Because just as dirt doesn’t change, commercial mortgage loan documents largely ignore the impact of technology on the physical attributes, use and operations of the property. 
Take another look at your mortgage loan forms with these
mortgage technology
Why No Rush To Use Tech Tools At Work? Because what “works” doesn’t change the “work”
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So long as the software and tech tools on our desktops merely improve the “process” of our work (our work flow), those tools will continue to pile up our desktops – IT is proud but the desktop remains under utilized by the people that matter. But bring us a tool that makes our work product…
Nominal Tech $$s in Your Company Budget? 4 Easy Steps on “How” to Better Use Tech Tools in Your Work
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If, like most financial services companies, your department or work team only receives nominal support from your technology group, then my piece in the April issue of Law Practice Today should interest you: it lays out a fourfold strategy for better utilizing tech tools. With fewer people doing more (the new workplace mantra), access to…
MERS Playbill: Quick List of Legal Challenges
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This weekend at the Regents meeting of the American College of Mortgage Attorneys, I’ll be joining Dick Goldberg* in a short presentation on MERS – the electronic note and mortgage registry used by @ 50% of all home mortgages and many commercial loan mortgages.
Dick will touch on some of the legal challenges…
MERS Update – Legal Act Nears End; Political Fireball Looming
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Much has been reported on the use of the MERS note and lien registry [Wikipedia] in the context of foreclosures – and whether the reliance upon the MERS registry in the foreclosure process is proper.
Austin Kilgore with the National Mortgage News is following the MERS situation, and two reports by him last…
Credit Crisis: MERS Under Intense Scrutiny; Will There Be a Federal Solution?
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More on MERS, but reminding you that we need to separate the value & utility of technology from the use of it –
The MERS structure is coming under intense scrutiny:
– Christopher Peterson has written a paper outlining his perspective on the situation (abstract below); it has an interesting perspective
–…
MERS Under Federal Regulator Scrutiny; But Technology is NOT the Problem
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The hunt for "robo foreclosure" (or "robot foreclosure") lenders and servicers now has seeped out to an investigation of MERS, which is a database registry that keeps track of the owners of residential (and some commercial) mortgages.
I was on the MBA committee that implemented MERS into the commercial mortgage (CMBS) space; so, I’m…