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MERSCORP Holdings to Provide LEI Registrations and Renewals to U.S. Mortgage Industry

Partners with DTCC’s Global Legal Entity Identifier Service

FOR IMMEDIATE RELEASE

CONTACT: Janis Smith
Phone: 703-738-0230
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Reston, Virginia, May 15, 2017—MERSCORP Holdings, Inc. announced today that it has entered into a new partnership agreement with The Depository Trust & Clearing Corporation (DTCC)’s subsidiary operating the Global Markets Entity Identifier utility (GMEI utility) to facilitate legal entity identifier (LEI) registrations and renewals for MERS® System Members and other mortgage participants. The company is on target to provide the web-based service in the third quarter of this year.

This initiative will enable MERSCORP Holdings to support the mortgage industry’s efforts to comply with the Consumer Financial Protection Bureau’s Home Mortgage Disclosure Act (HMDA) requirements. These requirements include a Universal Loan Identifier (ULI) that contains the financial institution’s LEI. MERSCORP Holdings will provide the LEI registration and renewal service through DTCC’s GMEI utility.

“MERSCORP Holdings has served as the mortgage industry’s utility for 20 years, and with the majority of residential mortgage originations registered on the MERS® System today, we believe we can add even greater value by providing our MERS® System Members and other industry participants with assistance meeting this HMDA requirement,” said MERSCORP Holdings President & CEO, Bill Beckmann.

Ron Jordan, Managing Director of Data Services at DTCC, added, “We are happy to partner with MERSCORP Holdings on this initiative. DTCC’s GMEI utility, which has been accredited by the Global LEI Foundation (GLEIF), continues to operate as the largest LEI issuer by share of the total LEIs issued worldwide, and MERSCORP Holdings has the mortgage industry relationships needed to educate clients on the requirements and facilitate their registration and renewal process.”

For more information on MERSCORP Holdings and the MERS® System and our role in U.S. housing, please visit www.mersinc.org.

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MERSCORP Holdings, Inc. is a privately held corporation that owns and manages the MERS® System and all other MERS® products. Users of the MERS® System include thousands of lenders, servicers, sub-servicers, investors and government institutions. Mortgage Electronic Registration Systems, Inc. (MERS) serves as the mortgagee in the land records for loans registered on the MERS® System, and is a nominee (or agent) for the owner of the promissory note. The MERS® System is a national electronic database that tracks changes in mortgage servicing and beneficial ownership interests in residential mortgage loans on behalf of its members.

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LEI Registration and Renewal Services will be available for non-MERS® System Members starting September 1, 2017.  

If your organization is not a MERS® System Member:

  • Begin preparing to apply for an LEI by reviewing the LEI Application Worksheet.
  • Bookmark this page and visit again on or after September 1 to register for or renew an LEI.

Unsure if you are a MERS® System Member? To determine if your organization is a current MERS® System Member, access our online Member Search.

You are now leaving MERSCORP Holdings' website and entering an external website. MERSCORP Holdings cannot attest to the accuracy of information provided by linked sites. Linking to a website does not constitute an endorsement by MERSCORP Holdings or any of the products presented on the site.

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