The MERS® eRegistry is the legal system of record that identifies the owner (Controller) and custodian (Location) for registered eNotes and that provides greater liquidity, transferability and security for lenders.
The MERS® eRegistry is essential in the eMortgage world. It saves money and prevents confusion about who owns the eNote. Lenders today are closing eNotes and selling them into the secondary market through the MERS® eRegistry. When selling eNotes to Fannie Mae and Freddie Mac, both agencies require that lenders use the MERS® eRegistry. The MERS® eRegistry fulfills the “Safe Harbor” requirements in the state-led Uniform Electronic Transactions Act (UETA) and ESIGN (Electronic Signatures in Global and National Commerce Act of 2000) adopted by Congress.
MERS® eDelivery provides a secure method for distributing eMortgage packages from one MERS® eRegistry member to another, using the existing MERS® eRegistry infrastructure and transaction security requirements.
Membership to the MERS® eRegistry requires membership to MERS® Residential (also known as the MERS® System). To begin your membership process:
We look forward to helping you become MERS® eRegistry Ready.