MERS® eRegistry Pricing Schedule
MERS® eRegistry Participant Fees
MERS® eRegistry Participants are not subject to an additional membership fee, as usage is covered under the MERS® System membership fee.
Transactional and other related fees do apply.
For each transaction, the Requesting Party is billed. The Requesting Party is the Participant that submitted the transaction to the MERS® eRegistry.
eNote Registration*
$4.95
- Price is per transaction.
- If a Registration is requested by a Delegatee for Transfer (DFT), the DFT will be billed for the registration fee.
Transfer of control - seasoned loan**
$2.00
- Price is per transaction.
eDelivery
$0.10
- Price is per transaction.
- An eDelivery can be sent to a maximum of 10 recipients. If one or more of the recipients accepts the eDelivery, the Requesting Party is billed a total of $0.10 for the transaction.
eNote conversion to paper
$10.00
- Price is per transaction.
Transfer to proprietary registry
$2.00
- Price is per transaction.
Other MERS® eRegistry related charges
- New broker membership fee (charged to the delegatee when a new eRegistry broker is activated on the MERS® eRegistry): $50.00
- Annual broker renewal fee (annual fee charged to the delegatee when an eRegistry broker’s membership is due for renewal): $10.00
- eRegistry certificate processing fee: $100.00 per loan
Miscellaneous charge:
- Returned payment fee: $25.00 per item.
Notes:
*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 and the combined total charge for both registrations will equal $15.90.
**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 which bears no charge.