- What is MERSCORP Holdings?
- What is MERS?
- What is the MERS® System?
- How does MERS work?
- What is a servicer?
- How can I find out the identity of my servicer?
- Can you help me identify the owner or investor of my mortgage loan?
- What information do I need to provide?
- Why do I need to know the identity of my servicer?
- Where can I get more information on my loan or the basics of obtaining a mortgage?
- How do I inform you that my personal information is inaccurate on a MERS® system?
- How long will the process take?
- How can I submit additional documents with my dispute?
Having trouble finding information on our website? Contact Us.
MERSCORP Holdings, Inc. is a privately held corporation that owns and manages the MERS® System and all other MERS® products. It is a member-based organization made up of more than 5,000 lenders, servicers, sub-servicers, investors and government institutions.
Mortgage Electronic Registration Systems, Inc. (MERS) is a wholly-owned subsidiary of MERSCORP Holdings, and its sole purpose is to serve as mortgagee in the land records for loans registered on the MERS® System. MERS is a nominee for the lender and subsequent buyers (“beneficial owners”) of a mortgage loan and serves as a common agent for the mortgage industry.
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.
The servicer is YOUR mortgage company. It is the company that handles the day-to-day tasks associated with managing your loan. Their duties include but are not limited to:
- Collecting and remitting loan payments
- Responding to borrower inquiries
- Making advances when required
- Accounting for principal and interest
- Holding funds for payment of property taxes and hazard insurance (also called managing your escrow account)
- Making any physical inspections of the property
- Counseling delinquent mortgagors
- Supervising foreclosures and property dispositions in case of defaults
After your mortgage loan closed, your lender more than likely outsourced the job of managing your loan to another company called a SERVICER. This is the company you call when you have questions about your loan.
We can help! MERS® ServicerID is a free service we provide to connect you with the current servicer of your loan, if it is registered in the MERS® System. You may access it by:
- Dialing the toll-free number at (888) 679-6377, or
- Clicking here for online access
Yes, we usually can, if your loan is registered in the MERS® System. MERS® ServicerID can also help. Dial the toll-free number at (888) 679-6377 or click here for online access.
You can search for servicer information in three ways: by property address, the borrower’s name and social security number, or with the unique mortgage identification number (MIN) on the mortgage or deed of trust signed at closing. Don’t worry if you don’t know it—it’s not required. But to obtain investor (owner) information, you will be asked to verify certain identifying information and check the box that confirms you are the borrower or the borrower’s authorized representative.
There are three reasons why you must always keep track of the identity of your servicer:
- Your servicer is responsible for handling any questions you have about your mortgage loan. Payoff amount? Contact your servicer. Taxes and hazard insurance? They should have that information too. Check your payment booklet or your monthly statement. Do you see a toll-free number you can call or a website you can access?
- Your servicer is also responsible for collecting your payment. To avoid late fees and potential fraud, make sure you are sending your payment to the correct servicer.
- If you are unable to make the payments on your mortgage and wish to negotiate the terms of your loan, you may only do so with your servicer. Contrary to popular belief, it is your servicer and not the investor that can negotiate the terms of the loan with you.
For more information and assistance on your mortgage loan, please visit one of the following websites:
- Hope Now. An alliance between counselors, servicers, investors and other mortgage industry participants to assist distressed homeowners.
- Home Loan Learning Center. Sponsored by the Mortgage Bankers Association. Educates consumers on the basics of obtaining a mortgage. Also includes a link to its Foreclosure Prevention Resource Center.
- Neighborworks America. A national nonprofit organization created by Congress to provide financial support, technical assistance, and training for community-based revitalization efforts.
- Information on foreclosure rescue scams, published by the Federal Trade Commission.
Disputing incorrect personal information is easy. However, only the affected individual may submit a dispute. To do so, please follow the steps below:
- Click here to access the MERSCORP Holdings Borrower Dispute Notification secure portal.
- For first time users, click here to create a new account.
- Activate your account by clicking the link in the confirmation email that was sent to the email address you entered to register your account.
- Re-enter the portal by typing your username and password.
- Click the "COMPOSE" tab and type and send your message.
- Begin composing your secure message. In your message, please include the following information:
- The reason for your dispute
- The 18-digit Mortgage Identification Number of your loan OR your social security number and property address so that we can identify the registered loan related to the disputed information
- Your full name and contact telephone number
- Any supporting documentation relevant to your dispute.
After we receive all of the information necessary to process your dispute, the investigation into your dispute may take up to 30 days to complete.
If you are sending a message through the secure portal, please select the "ATTACH FILE" button located on the upper right hand corner of your screen.
Please submit all questions through the MERSCORP Holdings Borrower Dispute Notification secure portal.