MERS® System Pricing Schedule
Membership Types and Annual Fees
Varies
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 table below to determine appropriate membership tier.
$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.
Varies
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 table below to determine appropriate membership tier.
$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.
$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.
$264
A Member that provides remote online notarization services and uploads its RON videos to the MERS® RON Video Storage solution.
$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.
$264
A Member that provides remote online notarization services and uploads its RON videos to the MERS® RON Video Storage solution.
$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.
$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.
$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.
$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.
$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.
$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 Tier | Annual Loan Origination Volume | Size of Servicing Portfolio | Annual Membership Fee |
|---|---|---|---|
| Tier 1 | Under $250 Million | Under $2 Billion | $500 |
| Tier 2 | $250 Million - $1 Billion | $2 Billion - $10 Billion | $2,000 |
| Tier 3 | >$1 Billion - $10 Billion | >$10 Billion - $50 Billion | $5,500 |
| Tier 4 | >$10 Billion | >$50 Billion | $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 use of MERS® eRegistry.
- See MERS® RON Video Storage Participant Fees for fees associated with 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.