September 13, 2010 by staff
Mers, A specialist in wireless mobility management and cyber security solutions, announced today that its wholly owned subsidiary, Operational Research Consultants, Inc. (ORC), was chosen by MERSCORP, Inc. (MERS) to provide digital certificates for identification and digital signature to MERS ® eRegistry members. The MERS ® eRegistry is the legal system of record that identifies the owner (Controller) and custodian (Location) for registered eNotes, providing greater liquidity, transferability and security for lenders. WidePoint through ORC will provide members eRegistry MERS ® with the ability to digitally sign and encrypt the information that users of the MERS ® eRegistry can be certain about the identity and credentials of the organizations that are doing transactions trade and confidence in the integrity of data transmitted.
WidePoint CEO Steve L. Komar, said: “This agreement confirms the ability of WidePoint to expand their property solutions to emerging markets outside the government sector. Our government cybersecurity proven solutions and meets the federal government was the ideal answer to the key members of the mortgage banking and financial services industries looking to streamline the mortgage process and add the state of the functions of art security for the electronic transmission of documents, contracts and documents. Our solution of digital certificate provides the confidence necessary to maximize the benefits of processing mail, reduce fraud and ensure accountability of these important transactions that are so vital to the economic stability of our nation. ”
Dan McLaughlin, MERS ® Executive Vice President of Products & Division Manager, said: “We are very pleased to provide our members ORC of this layer of security that is so vital to establish the necessary level of confidence when it comes to critical information as electronic property of the notes. “Kelly Purcell, executive vice president eSignSystems, a division of Wave Systems Corp., a technology solutions partner / supplier to MERS, also declared:” We are delighted that MERS ® WidePoint is supporting and Member Search eMortgage adoption. We’re sure that MERS ® will receive the same exemplary service we have experienced in support of our electronic signature ORC / eVaulting and offers solutions based TPM Wave. ”
The ORC security technology in full compliance with all governmental and regulatory requirements will ensure that only trusted entities are authorized to do business in MERS ®. The contract award represents a key milestone in the expansion of the company’s proven solution provides for proof of identity and credential and certificate issuance, using the technology underlying public key cryptography for the commercial market.
About MERS ®
MERS ® was created by the industry of real estate finance to streamline the mortgage process by using electronic commerce to eliminate paper. The company has a database those tracks loans that are moving through the mortgage banking system. With over 3,000 members, MERS ® is the utility industry’s real estate finance. For more information, visit http://www.mersinc.org/.
WidePoint is a specialist in providing wireless mobility management and cyber security solutions using its advanced technology products and information services. WidePoint has several wholly owned subsidiaries holding major government and business including contracts, Operational Research Consultants, Inc., iSYS, LLC, Protexx, Response Corporation Advanced Concepts and WidePoint IL. WidePoint enables organizations to deploy fully compliant IT services in accordance with the regulations imposed by the authorities and advanced system requirements. For more information, visit http://www.widepoint.com.
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