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MERS® eRegistry Fee Schedule

Use of the MERSâ eRegistry is not subject to an additional membership fee. Usage is covered under the scheduled membership fee for the MERS System.

 

TRANSACTIONS (See Notes below)

PRICE PER LOAN

eNote Registration

$ 4.95

Security instrument registration on the MERSâ System

$ 6.95

Combined eNote registration on the MERSâ eRegistry and security instrument registration on the MERS System

$ 10.90

Transfer of Control – seasoned loan1

$ 2.00

Transfer of Control – flow loan1

-

Transfer of Location

-

Transfer of Delegatee

-

Transfer to Proprietary Registry

$ 2.00

eNote Converted to Paper

$10.00

eNote Deactivation

-

Assumption or Modification

-

 

MERS CORPORATE SEALS: Corporate seals are available at a cost of $25 each, plus shipping.

 

UNIDENTIFIED MAIL: A $95 flat fee will be charged for any unidentified mail services. This applies when there is a recorded mortgage or assignment to MERS in the land records, but the loan is not registered on the MERS® System.

 

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.

 

 

NOTES:

1. A discount of $1.00 is granted when a loan’s security instrument with MERS as mortgagee is registered on the MERS® System following the eNote being registered on the MERS® eRegistry.

2. A Transfer of Control-seasoned loan fee will be charged when the transfer date is greater than 270 days from the note date. When the transfer date is 270 days or less from the note date, then the transaction is a Transfer of Control-flow loan. Intra-company Transfers of Control are included in this category.

Oct 2009

 
 
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