MERS® RON Video Storage Pricing Schedule
MERS® RON Video Storage
The MERS® Remote Online Notarization (“RON”) Video Storage solution (“RON Video Storage”) provides the mortgage industry a reliable, secure, long-term storage repository for the RON eClosing videos associated with mortgage loans registered on MERS® System and/or MERS® eRegistry. RON videos can be uploaded to and downloaded from the RON Video Storage solution manually using the MERS® System user interface or programmatically using the MERS® System XML Interface. Please refer to our Quick Start Guide for a roadmap on becoming a MERS® RON Video Storage Member.
Membership Fee
$264
Annual membership fee
A RON Closing Provider is a MERS® System Member that provides remote online notarization services and uploads its RON videos to the MERS® RON Video Storage solution.
MERS® RON Video Storage Fees
| Description | Amount |
|---|---|
| RON Video Submission | $1.00 |
| RON Video Onboarding | $1.00 |
| RON Video Retrieval | $5.00 |
| Monthly RON Storage Fee | .10¢ per loan |
Fee Notes
All RON Video Storage fees are waived until May 2022 to encourage early adoption!
The RON Video Storage fees are applicable only to Members that agree to participate in the RON Video Storage solution. The fees generally appear on the Member’s invoice in the month in which the billable event occurs.
The RON Video Submission fee is charged to the Member that uploads a video to the RON Video Storage solution.
The RON Video Retrieval fee is charged to the Member that downloads a video from the RON Video Storage solution.
The RON Video Onboarding fee is charged to a Member that becomes a new Rights Holder for a loan that has a RON Video stored in the RON Video Storage solution.
The Monthly RON Storage fee is a per-loan fee charged to the current Rights Holders of a registered loan that has a RON Video stored in the RON Video Storage solution. A Member holding multiple Rights Holder positions on a registered loan is charged one Monthly RON Storage fee per MIN even when it is a Rights Holder for the loan on both MERS® System and MERS® eRegistry.
The RON Video Onboarding and Monthly RON Storage fees apply to Members named as the following Rights Holders on a registered loan:
- MERS® System Investor, Servicer, and Subservicer
- MERS® eRegistry Controller, Master Servicer, and Subservicer