MERS® System Pricing Schedule
Membership Types and Fees
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.
$250
A Member that accesses the MERS® System to retrieve summary information regarding mortgage loans registered on the MERS® System, including the loan’s current Servicer and any Property Preservation Company associated with the property.
$264
Annual membership fee
Lenders that originate and sell loan servicing rights on a flow basis within 120 days of the original note date.
$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.
$1,000
Annual membership fee
Companies that support MERS® System registered loans but do not typically register them.
$264
A Member that will originate eNotes that will be registered on the MERS® eRegistry and Mortgage Electronic Registration Systems, Inc. will not be the mortgagee on related mortgages and mortgages will not be registered on the MERS® System.
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.
$500
Annual Loan Origination Volume
Under $250 Million
Size of Servicing Portfolio
Under $2 Billion
$2,000
Annual Loan Origination Volume
$250 Million - $1 Billion
Size of Servicing Portfolio
> $2 Billion - $10 Billion
$5,500
Annual Loan Origination Volume
> $1 Billion - $10 Billion
Size of Servicing Portfolio
> $10 Billion - $50 Billion
$7,500
Annual Loan Origination Volume
> $10 Billion
Size of Servicing Portfolio
> $50 Billion
MERS® System Transaction Fees
Transaction | Amount (per loan) |
|---|---|
| MOM and Non-MOM Registration (MERS is Mortgagee, loan must be registered on MERS® System) Fee includes associated eNote registration on MERS® eRegistry and all related eNote Transfers and eDeliveries. | $24.95 |
| iRegistration Registration (MERS is not mortgagee, loan registered for tracking purposes only) | $0.00 |
| Pre-Closing Registration | $2.00 |
| Post-closing Registration (completes associated Pre-Closing Registration) | $22.95 |
| iRegistration Conversion to Non-MOM | $24.95 |
| All Transfers (MOM, Non-MOM, iRegistration) | $0.00 |
| Transfer of Non-MERS Status | $2.00 |
| Certificate Processing Fee | $10.00 |
Miscellaneous Charges
$25.00 per item
$95.00 charged for each loan requiring additional research because the MERS® System does not reflect the correct information.
Other fees indicated in the MERS® System Rules of Membership.
Any value-added services are priced, disclosed and agreed to with members prior to the service being rendered.
Complimentary training is available to new MERS® System Members. Subsequent training options include:
- On-demand training via the MERS® Learning Center - Complimentary
- Customized training sessions conducted via conference call - $400 per session
- Customized training sessions at a Member's site - $750 per day, plus trainers' travel expenses