Developed through a joint venture with MERS, RoboDocs now offers compatibility with MERS Commercial, a mortgage electronic registration system. EverBank^® is the first RoboDocs client to use the MERS Commercial option, and is the first private, small balance commercial company to use the electronic mortgage system to eliminate paper in order to simplify the mortgage process.

As technology meets commercial real estate, the time-consuming application process is eliminated and customers will benefit from the noticeably lower fees. With the use of MERS, multiple assignments are eliminated and reduced research time will allow the closing process to move faster and more efficiently. Customers will also be able respond more quickly to a changing market, reducing future costs for them as well. MERS proves very convenient for anyone going through the loan process or thinking about it.

Gary Highland, president and general counsel of RoboDocs, is thrilled that EverBank has decided to utilize MERS Commercial.

"MERS, EverBank and RoboDocs are all pioneers in bringing the benefits of technology to the real estate lending industry," says Highland. "At RoboDocs we have followed the development of MERS Commercial with anticipation and excitement. We are pleased that EverBank has become the first RoboDocs client to elect MERS Commercial compatibility. RoboDocs now offers MERS Commercial compatibility as an option for its commercial/multifamily loan document preparation services -- at no additional cost to our clients."