FNMA announced a rule in March that MERS must not be made a party to its foreclosures. GMAC and several other major lenders adopted that procedure months prior to the FNMA announcement. It's safe to say that most are taking MERS out by assignment these days.

My research indicates that, at present , at least eight states require recording of the assignment - most require that it be recorded prior to commencement of foreclosure. Most states do not require assignments to be recorded.

The service that is offered here is not worth anything, because any servicer or lender with a MERS mortgage instrument can find a way to execute an assignment without difficulty. In fact, it is so easy for these companies to execute assignments and every other kind of document related to the mortgage (modification, subordination, substitution of trustee, etc.) that they got disorganized and exposed the lender to attack based on the confusion that they caused themselves. There is no service you buy that can cure that.

Larry Lacombe