MERS® System Pricing Schedule
Membership Types and Fees
Lite
$264
- Annual membership fee
- Lenders that originate and sell loan servicing rights on a flow basis within 120 days of the original note date.
Lite-Restricted (Lite-R)
$150
- Annual membership fee
- Lenders/brokers that close MERS loans for immediate sale to an Investor, where the Investor will perform the transactions on the MERS® System.
Patron
$1,000
- Annual membership fee
- Companies that support MERS® System registered loans but do not typically register them.
General
Varies*
- Annual Membership Fee
- Lenders that typically service loans. There are four tiers of General membership based on annual volume of loan originations or servicing (whichever is greater). *See tables below to determine appropriate membership tier.
General Membership Tier Tables
The applicable annual membership fee corresponds to the highest of the four tiers that applies to a company’s total annual loan origination or servicing portfolio volume.
Tier 1
$500
- Annual Loan Origination Volume
- Under $250 Million
- Size of Servicing Portfolio
- Under $2 Billion
Tier 2
$2,000
- Annual Loan Origination Volume
- $250 Million - $1 Billion
- Size of Servicing Portfolio
- >$2 Billion - $10 Billion
Tier 3
$5,500
- Annual Loan Origination Volume
- >$1 Billion - $10 Billion
- Size of Servicing Portfolio
- >$10 Billion - $50 Billion
Tier 4
$7,500
- Annual Loan Origination Volume
- >$10 Billion
- Size of Servicing Portfolio
- >$50 Billion
Transaction Fees
MOM and Non-MOM Loans
| MOM and Non-MOM Loans | Amount (per loan) |
| Registration (Flow + Seasoned)* | $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 |
iRegistrations
| iRegistrations | Amount (per loan) |
| iRegistration | $0.97 |
| Conversion of iRegistration to non-MOM | 10.98 |
| iRegistration Seasoned servicing transfer | 0.97 |
| iRegistration Seasoned Intracompany Transfer | 0.97 |
| iRegistration Transfer to non-MERS status | 0.97 |
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 Seasoned servicing transfer 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 Flow transfer, which bears no charge. Intracompany transfers follow this logic. Also, there are currently no transaction fees for transfers of beneficial rights.
Miscellaneous Charges
$12.00 charged for each document as defined in Rule 5, Section 4 of the MERS® System Rules of Membership.