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MERS fees consist of the annual membership fee, the per-loan registration fee, and other charges if applicable. Membership fees vary according to company type as follows:
MEMBERSHIP Fee: Members will be billed annually based on the anniversary date of their membership. Initial membership fees are billed following receipt of the signed membership application.
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MEMBERSHIP TYPE |
ANNUAL FEE |
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General Membership (includes): |
$7,500 |
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Issuers/Investors |
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Primary Servicers |
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Special Servicers |
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Trustees/Custodians |
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Correspondent Membership (includes): |
$1,000 |
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Originators Selling Closed Loans |
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Correspondents |
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Brokers |
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Patron Membership* (all others) |
$1,000 |
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For companies who support MERS registrations but do not necessarily register loans directly on the MERS® System. A Patron membership can be converted to a full membership at any time.
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TRANSACTION FEE: Flat fee for registering a loan: $250
MERS CORPORATE SEALS: Available for $25 each, plus shipping
EXTERNAL RESERACH FEE: A $95 charged for each loan requiring additional research because MERS® Commercial does not reflect the correct servicer.
TRAINING: Training via conference call is available to all MERS members without charge. The daily onsite training fee for 10 people or less is $750 plus airfare, hotel and other reasonable expenses. Other training arrangements are negotiable. If member representatives travel to the MERS corporate headquarters for training, no fees are charged.
VALUE-ADDED SERVICES: Services deemed as value-added services are priced, disclosed and agreed to with members prior to the service being provided
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