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MERSCORP Holdings Goes Live with LEI Registration and Renewal Services

MERSCORP Holdings Supports MERS® System Members with January 2018 HMDA Compliance

FOR IMMEDIATE RELEASE

CONTACT: Janis Smith
Phone: 703-738-0230
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Reston, Virginia, July 11, 2017—MERSCORP Holdings, Inc. announced today that a new service to provide legal entity identifier (LEI) registrations and renewals for MERS® System Members (Members) is now live at www.mersinc.org/lei

“We launched our web-based registration and renewal service now to facilitate Member compliance with the new Home Mortgage Disclosure Act (HMDA) data requirements, which become effective in January 2018,” said MERSCORP Holdings President & CEO, Bill Beckmann. “Within 60 days we will begin providing LEI registration and renewal services to non-Members in the industry.”

MERSCORP Holdings entered into a partnership agreement with The Depository Trust & Clearing Corporation (DTCC)’s subsidiary operating the Global Markets Entity Identifier utility (GMEI® utility) earlier this year to make this service possible.

New reporting rules adopted by the Consumer Financial Protection Bureau (CFPB) under HMDA require that all HMDA filers report Universal Loan Identifiers (ULIs) for loan applications or loan activities reportable to the CFPB. The LEI is a primary component of the ULI. The web-based LEI application enables MERSCORP Holdings, a provider of e-commerce solutions for the mortgage industry since 1997, to support the mortgage industry’s efforts to comply with the CFPB’s HMDA requirements.

For more information about MERSCORP Holdings’ LEI services, please visit www.mersinc.org/lei or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..

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MERSCORP Holdings, Inc. is a privately held corporation that owns and manages the MERS® System and all other MERS® products. Users of the MERS® System include thousands of lenders, servicers, sub-servicers, investors and government institutions. Mortgage Electronic Registration Systems, Inc. (MERS) serves as the mortgagee in the land records for loans registered on the MERS® System, and is a nominee (or agent) for the owner of the promissory note. The MERS® System is a national electronic database that tracks changes in mortgage servicing and beneficial ownership interests in residential mortgage loans on behalf of its members.

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