Ailes says that. “Title professionals know that this (i.e. tracking mortgagesx) is very different than tracking the ownership interests in real estate that are provided by local public records and experts on the ground who can identify the relevant documents to a piece of property and cure any errors in those records."   HOW SO?  Is this not just a way to try to clear up the national problems with the MERS system as it relates to mortgages across the country?  WHY a national system when real estate is land specific. WHAT is wrong with the original system, other than having to keep track of what county and state the property is in.