MERS® System Membership types and annual fees

General

$500 - $7,500

A Member that services MERS Loans. There are four tiers of General membership based on annual volume of loan originations or servicing (whichever is greater). See the table below to determine appropriate membership tier.

Patron

$1,000

A Member that is an Investor, Subservicer, Warehouse Lender, or other Associated Member for MERS Loans. This membership category also applies to Vendors (including Signing Authority Agreement vendors or law firms) that provide services to other Members.

Patron - MERS eRegistry

$264

A Member that originates eNotes that will be registered on MERS eRegistry and Mortgage Electronic Registration Systems, Inc. will not be the mortgagee on related mortgages and mortgages will not be registered on MERS System.

RON Closing Provider

$264

A Member that provides remote online notarization services and uploads its RON videos to the MERS RON Video Storage solution.

Lite

$264

A Member that closes MOM loans and sells and transfers all MERS Loans along with servicing rights within 120 days of the Note Date.

Lite-Restricted (Lite-R)

$150

A Member that closes MOM loans for immediate sale to an Investor that will register the loans on MERS System. Lite-R Members do not have the MERS System access necessary to register loans or perform other MIN Record transactions.

MERS Link

$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.

General membership tier table

The applicable membership fee corresponds to the highest of the four tiers that applies to a company’s total annual loan origination or servicing portfolio volume.

Membership TierAnnual Loan Origination VolumeSize of Servicing PortfolioAnnual Membership Fee
Tier 1< $250M< $2B$500
Tier 2$250M - $1B$2B - $10B$2,000
Tier 3> $1B - $10B> $10B - $50B$5,500
Tier 4> $10B> $50B$7,500

MERS System transaction fees

Transaction (see notes below)
Fee (per transaction)
MOM and Non-MOM Registration¹$24.95
Pre-Closing Registration$2.00
Post-Closing Registration (completes associated Pre-Closing Registration)$22.95
iRegistration (MERS is not mortgagee, loan registered for tracking purposes only)$0.00
iRegistration Conversion to Non-MOM$24.95
All Transfers (MOM, Non-MOM, iRegistration)$0.00
Transfer to Non-MERS Status$2.00
Lien Release Request Submitted to Simplifile Document Builder™ ²$1.00
Certificate Processing Fee$10.00

Transaction fee notes:

  • MOM and Non-MOM Registration: When a loan’s security instrument with MERS as Mortgagee is registered on MERS System, the eNote may be registered on MERS eRegistry at no additional charge. To qualify for free registration on MERS eRegistry, the same MIN must be used to register the Security Instrument on MERS System and the eNote on MERS eRegistry.
  • Lien Release Request Submitted to Simplifile: Only applicable to a Member participating in the optional Automated Document Request service. The fee is billed by Simplifile through their existing invoicing process for each lien release created in Simplifile Document Builder™ based on a request submitted by MERS System as part of a successfully completed Paid in Full deactivation. This fee is in addition to the separate fee charged by Simplifile for the creation and/or eRecording of the lien release.
See MERS eRegistry Participant fees for fees associated with the use of MERS eRegistry
See MERS RON Video Storage Participant fees for fees associated with the use of MERS RON Video Storage

Miscellaneous fees

  • Returned Payment Fee: $25.00 per item.
  • External Research Fee: $95.00 charged for each loan requiring additional research because the MERS System does not reflect the correct information.
  • Other Fees: Other fees as indicated in the MERS System Rules of Membership.
  • Value-added Services: Any value-added services are priced, disclosed, and agreed to with members prior to the service being rendered.
  • Training: Complimentary on-demand training courses are available to all MERS System Members through ICE Mortgage Technology Academy. Courses cover processes and requirements related to using the MERS System, MERS Registry, and the Corporate Resolution Management System. Visit the Training page of our Member website for additional details.

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