MERS® System

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, brokers, and vendors serving the mortgage industry. Scroll down to apply today and join over 5,000 Members nationwide!

MERS® System Resources

Resources

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Take advantage of the benefits of the MERS® System

MERS® System Membership Brochure
MERS® System Pricing Schedule
Search for a MERS® System Member
MERS® Link
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What are the benefits of MERS and the MERS® System?

  • Eliminates breaks in the chain of title.
  • Hard dollar savings on each loan for lenders.
  • Identity of servicer and investor available for free to homeowners via phone or Internet.
  • Used by lenders to find undisclosed liens.
  • Used by governments and code enforcement officers to find companies responsible for maintaining vacant and abandoned properties.
  • Simplifies lien releases because chain of title starts and stops with MERS.
  • Increases efficiency in sale of loans and servicing transfers in secondary market.
  • Uses the Mortgage Identification Number (MIN) assigned to each loan for tracking throughout the life of a loan.