Experience the Benefits of being a MERS® System Member!
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.
Two of the primary benefits of being a MERS® System Member (“Member”) are:
Saving money
Eliminates need for certain paper assignments, thus reducing costs associated with transferring mortgage rights
Reducing issues related to breaks of chain in the title
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
MERS remains mortgagee in the land records as servicing rights and notes are bought and sold between active Members. No interests are transferred on the system; they are only tracked
Who can become a member?
Membership is open to originators, servicers, lenders, and brokers serving the mortgage industry. Learn about MERS to determine if membership is right for you.
MERS® Link is a subscription-based website that allows subscribers to retrieve information about the current servicer and investor of a mortgage registered on the MERS® System. Access to MERS® Link is available to MERS® System Members, or to title companies and other industry participants by purchasing an annual subscription.