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About Fees

Fees consist of an annual membership fee, certain types of transaction fees, and other charges as applicable. Membership fees vary according to a company’s size, annual production, or transaction and servicing volumes. Initial membership fees are billed following the approval of a signed membership application, and annual renewals are billed based on the anniversary date of membership.


MERS® System

Annual Membership Fees

  • Lite: $264
  • Lite-Restricted (Lite-R): $150
  • Patron: $1,000
  • General, Tier 1: $500 (for companies with an annual production volume of less than $250 million, OR a servicing portfolio of under $2 billion, whichever is greater)
  • General, Tier 2: $2,000 (for companies with an annual production volume of $250 million to $1 billion, OR a servicing portfolio of $2 billion to $10 billion, whichever is greater)
  • General , Tier 3: $5,500 (for companies with an annual production volume of $1 billion to $10 billion, OR a servicing portfolio of $10 billion to $50 billion, whichever is greater)
  • General, Tier 4: $7,500 (for companies with an annual production volume of more than $10 billion, OR a servicing portfolio of more than $50 billion, whichever is greater)

Membership Types

  • General: For lenders that typically service loans. General memberships are available in four different tiers based on annual volume of loan originations or servicing (whichever is greater; see above).
  • Lite: For lenders that originate and sell loan servicing rights on a flow basis within 120 days.
  • Lite-Restricted (Lite-R): For lenders/brokers that close MERS loans for immediate sale to an Investor, where the Investor will perform the transactions on the MERS® System.
  • Patron: For companies who support MERS® System-registered loans, but do not typically register them.

Transaction Fees

  MOM and Non-MOM LoansAmount
(per loan)
  Registration $  11.95  
  Pre-closing registration 0.97  
    Post-closing registration (after paying pre-closing
    registration fee of $0.97)
10.98  
  Seasoned servicing transfer 11.95  
  Seasoned Intracompany transfer 2.50  
  Transfer to non-MERS status 1.00  
  Certificate Processing Fee 10.00  
  iRegistrationsAmount
(per loan)
  Registration $  0.97  
  Pre-closing registration 0.97  
  Conversion of iRegistration to non-MOM 10.98  
  Seasoned servicing transfer 0.97  
  Seasoned Intracompany transfer 0.97  
  Transfer to non-MERS status 0.97  

 


 

MERS® eRegistry

Use of the MERS® eRegistry is not subject to an additional membership fee. Usage is covered under the scheduled membership fee for the MERS® System.

  Transactions (see Notes below) Amount 
(per Transaction)
  eNote Registration $    4.95  
  Security instrument registration on the MERS® System 11.95  
  Combined eNote registration on the MERS® eRegistry and 
      security instrument registration on the MERS® System1
15.90  
  Transfer of control—seasoned loan2 2.00  
  Transfer of control—flow loan2 - 0 -  
  Transfer of location - 0 -  
  Transfer of delegatee - 0 -  
  Transfer to proprietary registry 2.00  
  eNote conversion to paper 10.00  
  eNote deactivation - 0 -  
  Assumption or modification - 0 -  
  eRegistry Certificate Processing Fee 100.00  
  eDelivery $0.10  

NOTES:

  1. When a loan’s security instrument with MERS as mortgagee is registered on the MERS® System, and the eNote is also registered on the MERS® eRegistry, a discount of $1.00 is granted for the second registration.
  2. A Transfer of Control-seasoned loan fee will be charged when the transfer date is greater than 270 days from the note date. When the transfer date is 270 days or less from the note date, then the transaction is a Transfer of Control-flow loan. Intracompany Transfers of Control are included in this category.

OTHER CHARGES:

  • New broker membership fee (paid by delegatee when a new broker is activated on the eRegistry): $50.00
  • Annual broker renewal fee (paid by delegatee): $10.00


 

MERS® Link

A subscription to MERS® Link is available for $250.00 per year. Click here to learn how to subscribe.You may also access MERS® Link through your paid membership to the American Land Title Association.

FOR GOVERNMENT INSTITUTIONS: State, local and county governments can subscribe to MERS® Link free of charge to help locate property preservation contacts for homes in their areas.


MERS® Commercial

MERS® Commercial fees consist of the annual membership fee, the per-loan registration fee, and other charges if applicable. Membership fees vary according to company type as follows:

Membership Fee

Membership TypesAnnual
Fee
  GENERAL: Includes issuers/investors, primary servicers and trustees/custodians $ 7,500  
  CORRESPONDENT: Includes originators selling closed loans, correspondents and brokers 1,000  
  PATRON (All others): For companies who support MERS® System-registered 
  loans but do not typically register them. Patron memberships can be convert 
  to full membership at any time.
1,000  
  Registration Fee 250  


Miscellaneous Charges

  • EXCESS MAIL FEE: $12.00 charged for each document as defined in Rule 5, Section 4 of the MERS® System Rules of Membership.
  • EXTERNAL RESEARCH FEE: $95.00 charged for each loan requiring additional research because the MERS® System does not reflect the correct information.
  • PHYSICAL DELIVERY FEE: Members who request physical delivery of service of process documents, in addition to receiving them electronically, will incur a $2.00 per document charge.
  • RETURNED PAYMENT FEE: $25.00 per item.
  • TRAINING: Free initial training by conference call. Subsequent training options: By conference call ($150); at the MERSCORP Holdings corporate office (free); at a member's site ($750, plus trainers' travel expenses); web seminars ($35 per standard session; higher fees apply for select sessions).
  • VALUE-ADDED SERVICES: Any value-added services are priced, disclosed and agreed to with members prior to the service being rendered.
  • CERTIFICATE PROCESSING FEE: $10 fee charged to the member authorizing MERS to initiate a transaction to reflect the correct servicer on the MERS® System. This fee is charged in addition to the applicable Seasoned Servicing Transfer Fee or Intracompany Transfer Fee.
  • eREGISTRY CERTIFICATE PROCESSING FEE: $100 fee charged to the MERS® eRegistry Participant authorizing MERS to initiate a transaction on the MERS® eRegistry. The fee is charged in addition to the applicable transaction fee.

Definition of Terms

  • CONVERSION OF iREGISTRATION TO NON-MOM FEE: Charged to the servicer when a Conversion transaction is performed on the MERS® System to change the MOM indicator on a MIN from an iRegistration to Non-MOM because the loan was assigned to MERS.
  • SEASONED INTRACOMPANY TRANSFER FEE: Fee charged to the transferor when a seasoned servicing transfer transaction is performed on the MERS® System between two Org IDs associated pursuant to a Primary/Secondary Relationship Agreement.
  • iREGISTRATION: Loan registered on the MERS® System for informational purposes only where Mortgage Electronic Registration Systems, Inc. is not the mortgagee or assignee.
  • PRE-CLOSING REGISTRATION FEE: Charged to the member that registers a loan on the MERS® System prior to the loan's date.
  • POST-CLOSING REGISTRATION FEE: Charged to the member that activates a loan previously registered as a Pre-Closing on the MERS® System, usually after the loan has closed.
  • REGISTRATION: Registration of loans onto the MERS® System.
  • SEASONED SERVICING TRANSFER FEE: Charged to the transferor when a seasoned servicing transfer transaction is performed on the MERS® System between two parties that are not associated pursuant to a Primary/Secondary Relationship Agreement. 

NOTE: Currently, there are no additional transaction fees for transfers of beneficial rights. There is also no fee for Flow Servicing Transfers. A transfer is considered "Flow" if the transfer date is 270 or fewer calendar days from the note date. 

  • TRANSFER TO NON-MERS STATUS: Members who transfer servicing to a non-MERS Member record an assignment out of MERS, or stop tracking an active iRegistration loan on the MERS® System, are charged a nominal deactivation fee. For MOM and Non-MOM loans, members are also responsible for preparing and recording an assignment from MERS to the buyer.

To subscribe to MERS® Link, please read the following terms and conditions and click the link to indicate agreement.


MERS® Link Terms and Conditions

 

      1. MERSCORP Holdings, Inc., (“MERSCORP Holdings”) and Mortgage Electronic Registration Systems, Inc., (“MERS”, and collectively, the “Companies”) and the Subscriber shall abide by these Terms and Conditions (“T&C”).  The Companies reserve the right, in their sole discretion, to amend, change or modify all or any part of this Agreement at any time by providing Subscriber with at least thirty (30) days’ prior written notice (which may be by electronic mail), and the Subscriber shall be bound by any such amendment to the T&C.

      2. The Subscriber agrees that the use of the MERS® Link website will be for lawful business purposes only. Information accessed from MERS® Link (other than information that the Subscriber already possesses) may not be used as a factor in determining a consumer’s eligibility for credit or insurance to be used primarily for personal, family or household purposes, for employment, for a government-issued license, to retain an existing credit account, or in assessing a consumer’s credit or payment risks with respect to an existing obligation.  Subscriber shall not redistribute, republish or create derivative works from MERS® Link or any information accessed from MERS® Link (other than information that the Subscriber already possesses).  The Subscriber understands and accepts that MERS® Link is intended to be used solely to (a) provide servicer information to the Subscriber in order to obtain a payoff of a mortgage loan, and (b) provide contact information for the property preservation company associated with a particular mortgage loan.

      3. Upon the Subscriber’s completion of the Subscription Application and the payment of the current annual Subscription Fee, the Companies will provide the Subscriber with access to MERS® Link by assigning the Subscriber an Organizational ID number, a User ID number, and password that is required to access MERS® Link.

      4. Using the provided log‐in information, the Subscriber will have access (through MERS® Link) to all loans maintained on the MERS® System, with the following capabilities. 
        1. MIN Find: Cross reference loan information associated with a Mortgage Identification Number (“MIN”) when only the borrower name, social security number or property address is known.
        2. MIN Information: receive the following information when a valid MIN is entered:
              i. Full borrower name(s)
              ii. Property address and County
              iii. Note amount and note date
              iv. Status (Active or Inactive)
              v. Current servicer/subservicer identification and contact information
              vi. Originating organization
              vii. Property preservation company identification and contact information (if present)
        3. HTML link to web site of servicer/subservicer (if available). To the extent that Members offer payoff information through their websites, the Companies may provide such a link; however, the Companies cannot guarantee that payoff information will be accurate or available for any specific servicer.
        4. Ability to retrieve, print, and store information on multiple MIN hits.
      5. The Subscriber shall indemnify and hold harmless the Companies, and any employee, director, officer, agent or affiliate of the Companies from any and all claims, costs or fees incurred by or that result from the Subscriber’s use of any information retrieved from MERS® Link.

        The Subscriber understands and accepts that any information retrieved from MERS® Link should be independently verified. The Companies do not in any way warrant or guarantee that MERS® Link or web services will be uninterrupted.  The Companies do not verify the accuracy of information on MERS® Link or the MERS® System, nor do the Companies warrant the reliability of any information retrieved from MERS® Link since the accuracy of all information is the responsibility of MERS® System Members who enter and update the information in the MERS® System. The Companies MAKE NO WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE REGARDING MERS® LINK OR ANY INFORMATION PROVIDED THEREIN. Subscriber expressly agrees that the entire risk as to the quality and performance of MERS® Link and the accuracy or completeness of the content is assumed solely by Subscribe

        THE COMPANIES SHALL NOT BE LIABLE FOR ANY ACTUAL, DIRECT, INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATING TO THE USE OR INABILITY TO USE MERS® LINK, ANY PART THEREOF OR ANY RELATED SERVICES.
      6. The Companies may change, suspend or discontinue all or any aspect of MERS® Link at any time, including the availability of any database, feature, or content, without prior notice or liability.  The Companies, in their sole discretion, have the right to terminate the Subscriber’s access to MERS® Link if the Companies determine that the Subscriber is using MERS® Link for purposes other than its intended use.
      7. Subscriber’s access to MERS® Link, and the Organizational ID number, User ID number and password assigned to Subscriber, are specific to Subscriber and may not be assigned, transferred or sublicensed without the Companies’ prior written consent. Subscriber shall not permit unauthorized users to access MERS® Link using its Organizational ID number, User ID number or password.  Subscriber shall not charge to reveal, redistribute or republish any information retrieved from MERS® Link to any other party, and may not sell or create derivative works from such information.
      8. These T&C, and all transactions effected by the Subscriber with the Companies, shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia without regard to its choice of law provisions.
      9. Any notice or other communication which is required or permitted to be given or made to the Companies pursuant to these T&C shall be given or made in writing, and shall be sent by nationally recognized overnight courier, or facsimile followed by delivery of the original via first class mail, addressed as follows: MERSCORP Holdings, Inc., Corporate Secretary,1818 Library Street, Suite 300, Reston, Virginia 20190; facsimile: (703) 748-0183.
      10. Neither the Subscriber nor the Companies shall institute a proceeding before any tribunal to resolve any controversy or claim arising out of or relating to these T&C (a “Dispute”), before such party has sought to resolve the Dispute through direct negotiation with the other party. If the Dispute is not resolved within thirty (30) days after a written demand for direct negotiation, the parties shall attempt to resolve the Dispute through mediation. If the parties do not promptly agree on a mediator, either party may request the then chief judge of the Circuit Court of Fairfax County, Virginia, to appoint a mediator. All mediation proceedings hereunder shall be held in the Washington, D.C. metropolitan area.  The fees and expenses of the mediator shall be paid by the party initiating the Dispute.  If the mediator is unable to facilitate a settlement of the Dispute within a reasonable period of time, as determined by the mediator, the mediator shall issue a written statement to the parties to that effect, and the aggrieved party may then seek relief in accordance with the arbitration provisions of this Paragraph. In the event that the Subscriber and the Companies are not able to resolve a Dispute in accordance with the aforementioned mediation provisions of this Paragraph, such Dispute shall be settled by binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof; provided, however, that the place of arbitration shall be the Washington, D.C. metropolitan area, and fees and expenses for the arbitration proceedings shall be paid by the party initiating arbitration.

Click here to accept the Terms and Conditions and download the pdf MERS® Link Subscription Request form (178 KB) . Follow the instructions on the form to submit.

 

MERS® Link offers web-based access to retrieve information regarding mortgage loans registered on the MERS® System in order to obtain servicer information to obtain payoff instructions, or to obtain contact information for the property preservation company associated with a particular property. Access to MERS® Link is available to MERS® System Members, or to title companies and other industry participants by purchasing an annual subscription.

To subscribe to MERS® Link:

  1. Review the MERS® Link Terms and Conditions.
  2. Click the link at the bottom of the page to accept the Terms and Conditions and download the MERS® Link Subscription Request form ("Request Form").
  3. Complete and execute the Request Form. This may be done electronically or you may print it.
  4. Submit the Request Form via fax or email to the address indicated.

Go directly to MERS® Link.

The MERS® System is a national electronic database that tracks changes in mortgage servicing rights and beneficial ownership interests in loans secured by residential real estate. At closing, the borrower and lender agree to name Mortgage Electronic Registration Systems, Inc. (MERS) as mortgagee or beneficiary on the mortgage or deed of trust. The lender then records the mortgage in the county land records and registers the information about the loan on MERS® System.

The MERS® System is not a legal system of record, nor a replacement for the public land records. No interests are transferred on the system; they are only tracked.

To Join

We invite lenders to take advantage of the benefits of the MERS® System by applying for membership. To learn more, download the pdf MERS® System marketing brochure (1.92 MB)  or contact your regional director.

To get started with the membership process, submit an eApplication

For the MERS® System Pricing Schedule, please click here.

Looking for another MERS® System Member?

Click here to access our member search directory.

To search for a word within the organization name, put percentage marks ("%") before and after the word (i.e., type "%Financial%" to search for any company that contains the word "Financial.") If you are searching for a company name that begins with the word "Financial," there is no need to place the percentage marks before and after the word.

Questions on becoming a Member?

Please contact your regional director. We look forward to helping you become MERS® System Member.

  • About Us

    About Us

    Today’s financial services industry depends on technological innovations to provide its customers with access to information, increased efficiency and reduced processing costs. MERSCORP Holdings, Inc. owns and operates the MERS® System, a national electronic registry system that tracks the changes in servicing rights and beneficial ownership interests in mortgage loans that are registered on the System.

    Read More
  • MERS® eRegistry

    MERS® eRegistry

    The MERS® eRegistry is essential to the eMortgage world. It is the legal system of record for identifying the Controller (holder) and Location (custodian) for the authoritative copy of a registered eNote. Lenders today are closing eNotes and selling them into the secondary market. Both Freddie Mac and Fannie Mae require that Lenders register their eNotes on the MERS® eRegistry.

    white paper site

    Read More
  • Information for Homeowners

    Information for Homeowners

    Homeowners today want information about their mortgage loans. Some are facing financial hardship and are struggling with mortgage payments. Information and helpful resources are available. 

    Read More
  • Neighborhood Benefits

    Neighborhood Benefits

    Title agents, government agencies and others looking for information about mortgage loans registered on the MERS® System can use Servicer ID or MERS® Link. This public access is often used by local municipalities to identify the servicer responsible for maintaining vacant or abandoned property.

    Read More
  • Media Room

    Media Room

    The MERSCORP Holdings, Inc. Media Room provides press contact information and facts about the company and its subsidiary, Mortgage Electronic Registration Systems, Inc. (MERS). These materials are provided to help national, regional and local media better understand the companies' business model and role in the U.S. housing finance system.

    Read More
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Copyright© 2017 by MERSCORP Holdings, Inc. (800)-646-6377
Other products or company names are or may be trademarks or registered trademarks and are the property of their respective holders.

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Click here to proceed.

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Click here to proceed.

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