MERSCORP Holdings

What MERSCORP Holdings does

MERSCORP Holdings, Inc. is a privately held Delaware corporation founded in 1995 that owns and operates the MERS System, the national electronic database tracking mortgage servicing rights and beneficial ownership interests in US residential real estate loans. The platform uses the Mortgage Identification Number (MIN) as a unique life-of-loan identifier and maintains MERS, Inc. as a wholly-owned subsidiary that serves as mortgagee of record in land records, eliminating paper-based assignment recording when loans are sold or transferred. The company is a wholly-owned subsidiary of Intercontinental Exchange (ICE) and operates within ICE's Mortgage Technology division.

The product portfolio centers on the MERS System (core registry), MERS eRegistry (the mortgage industry's sole authorized national registry for identifying the Controller and Location of authoritative eNote copies, mandated by GSEs), MERS eDelivery (secure document distribution with MIN validation and audit trails), MERS RON Video Storage (centralized long-term storage of Remote Online Notarization eClosing videos), and MERS Link (servicer information retrieval). As of the latest disclosure, 3.1M+ eNotes have been registered since the eRegistry's inception, with 300+ originators, 50+ warehouse lenders, and 40+ correspondent investors participating alongside 5,000+ total member organizations.

MERSCORP generates revenue through a hybrid membership and transaction model. Annual membership fees are tiered by participant type and size: General Membership ranges from $500 (Tier 1, sub-$250M origination) to $7,500 (Tier 4, above $10B origination or $50B servicing portfolio); Patron, Lite, RON Closing Provider, and other specialized tiers range from $150 to $1,000. Transaction fees range from $0 (eNote registration when also on MERS System, transfers, iRegistration) to $24.95 (MOM/Non-MOM Registration), with most registrations priced at $2-$23. GTM is enterprise field sales via Regional Directors supplemented by a self-serve eApplication portal and corporate website.

Name

MERSCORP Holdings

Legal name

MERSCORP Holdings, Inc.

Website

https://mersinc.org

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Short description

MERSCORP Holdings operates the MERS System, the US mortgage industry's national electronic registry tracking servicing rights, beneficial ownership, and eNote custody. The platform serves 5,000+ member organizations including originators, servicers, warehouse lenders, correspondent investors, and government institutions under GSE-mandated adoption requirements.

Ownership category

akta.pro rank

Product category

Mortgage Registry Technology

NAICS

Sales Financing (52222)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Loan Origination Systems (LOS) (FSALALAA)

Keywords

• Mortgage registry services
• Electronic mortgage tracking
• ENote registration platform
• Mortgage servicing rights
• Beneficial ownership database

Headquarters

HQ city

Reston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Annual Membership Fees: Annual membership fees based on membership type and tier. General membership ranges from $500 to $7,500 annually based on loan origination volume or servicing portfolio size. Other membership types include Patron ($1,000), Patron - MERS eRegistry ($264), RON Closing Provider ($264), Lite ($264), Lite-Restricted ($150), and MERS Link ($250).
2. Transaction Fees - MERS System: Per-transaction fees including MOM and Non-MOM Registration ($24.95), Pre-Closing Registration ($2.00), Post-Closing Registration ($22.95), Transfer to Non-MERS Status ($2.00), Lien Release via Simplifile ($1.00), and Certificate Processing ($10.00). All transfers are free.
3. Transaction Fees - MERS eRegistry: eNote Registration at $0.00 for eNotes also registered on MERS System, or $8.95 for eNotes not on MERS System. Converted to Paper Deactivation at $15. eDelivery and Transfer of Control for Seasoned Loans are free.
4. RON Video Storage Fees: Per-transaction fees including RON Video Submission ($1.00), RON Video Onboarding ($1.00), RON Video Retrieval ($5.00), and Monthly RON Video Access ($0.10 per loan).
5. Application Processing Fee: Non-refundable $300 application processing fee required prior to submitting the membership application.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

MERSCORP Holdings owns and operates the MERS System, a national electronic database that tracks changes in mortgage servicing rights and beneficial ownership interests in loans secured by U.S. residential real estate, eliminating paper-based assignments when loans are sold or transferred. The company sells annual memberships to mortgage industry participants and charges per-transaction fees for loan registrations, transfers, eNote registrations on the MERS eRegistry, secure electronic document delivery (MERS eDelivery), and centralized long-term storage of remote online notarization eClosing videos (MERS RON Video Storage).

Product overview

MERSCORP Holdings operates a modular platform centered on the MERS System, a national electronic database for tracking mortgage servicing rights and beneficial ownership. Built on this core registry, the MERS eRegistry provides the legal system of record for eNote ownership, maintaining authoritative copy identification and tamper-evident signature verification. Supporting the eRegistry ecosystem are MERS eDelivery for secure document exchange between participants, and MERS RON Video Storage for long-term storage of remote online notarization closing videos. Additional services include MERS Link for member information queries and MERS ServicerID for homeowner servicer identification. The platform connects over 5,000 lenders, servicers, subservicers, investors, and government institutions, with statistics showing 3.1M+ eNotes registered, 300+ originators, 50+ warehouse lenders, and 40+ correspondent investors.

Differentiator

Problem solved

Functional benefit

Brands

• MERS eRegistry: The mortgage industry's system of record for holders of eNotes. It indicates who holds the Authoritative Copy of every eNote at any point in time.
• MERS eDelivery
• MERS RON Video Storage
• MERS Link

Products and services

• MERS System National electronic database operated by MERSCORP Holdings that tracks changes in mortgage servicing rights and beneficial ownership interests in loans secured by residential real estate, acting as mortgagee or beneficiary in land records to eliminate the need for assignments when ownership transfers.
• MERS eRegistry The mortgage industry's system of record for identifying the Controller (holder) and Location (custodian) of the authoritative copy of each registered eNote, maintaining registration records including hash values of tamper-evident digital signatures for eNote verification. The sole authorized national registry for eNote ownership required by GSEs.
• MERS eDelivery Secure method for distributing documents in electronic format (SMART Doc, PDF, TIFF, etc.) between MERS eRegistry Participants that validates the MIN, sender/recipient identity, confirms receipt, and maintains an audit trail of all deliveries.
• MERS RON Video Storage Secure, reliable, centralized long-term storage and retrieval solution for Remote Online Notarization (RON) eClosing videos associated with mortgage loans registered on the MERS System and/or MERS eRegistry, indexed and tracked by MIN.
• MERS Link Service allowing organizations to retrieve summary information regarding mortgage loans registered on the MERS System, including the current Servicer and any Property Preservation Company associated with the property. Accessed through MERS OnLine.
• MERS ServicerID Free service for homeowners to identify the servicer associated with a mortgage loan or search for information about a specific property where MERS is named in land records; available via phone or online.

Quantifiable outcome

• Eliminates breaks in chain of title for mortgage loans
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and strategic.

• Fannie MaecoreStrategic or Co-development PartnerFannie Mae requires use of the MERS eRegistry for all eNotes purchased by the GSE, per the GSE Uniform Electronic Promissory Note requirements. Also requires MERS eDelivery to deliver eNotes to Fannie Mae's eVault.
• Freddie MaccoreStrategic or Co-development PartnerFreddie Mac requires use of the MERS eRegistry for all eNotes purchased by the GSE, per the GSE Uniform Electronic Promissory Note requirements. Also requires MERS eDelivery to deliver eNotes to Freddie Mac's eVault.
• Ginnie MaecoreStrategic or Co-development PartnerGinnie Mae requires that eNotes be registered on the MERS eRegistry as part of their Digital Collateral Program.
• Federal Home Loan BankscoreStrategic or Co-development PartnerFederal Home Loan Banks require eNotes to be registered on the MERS eRegistry for their lending and collateral programs.
• MISMO (Mortgage Industry Standards Maintenance Organization)coreTechnology or IntegrationMERS eRegistry integrates with MISMO SMART Doc v1.02 standard for eNote formatting. eNotes must comply with MISMO SMART Doc format requirements.
• Intercontinental Exchange (ICE)coreOEM/ Whitelabel/ Licensing PartnerMERSCORP Holdings is a wholly-owned subsidiary of ICE (Intercontinental Exchange). The company operates as part of the ICE Mortgage Technology division, with shared SSO infrastructure (sso.ice.com) and integrated platforms including Simplifile for document services.
• Major Industry AggregatorscoreStrategic or Co-development PartnerMajor industry aggregators require eNotes to be registered on the MERS eRegistry, similar to GSE requirements.
• eVault ProvidersstrategicTechnology or IntegrationeVault providers serve as electronic repositories for eNotes and submit transactions to the MERS eRegistry via system-to-system interface. MERS eRegistry user interface is inquiry-only; transactions must be submitted programmatically through eVault providers.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ICE Mortgage Technology: Parent division of MERSCORP within Intercontinental Exchange, encompassing Encompass LOS, Simplifile, and other mortgage technology assets. Directly comparable as the parent platform on which MERSCORP operates and through which it is sold and integrated to lenders.
• Black Knight: Mortgage servicing technology and data provider (now part of ICE). Comparable as a broad mortgage infrastructure incumbent serving the same lender and servicer customer base with overlapping servicing-rights workflows.
• Mortgage Cadence (ICE): ICE Mortgage Technology's workflow and digital mortgage point-of-sale platform. Comparable as a sister mortgage technology asset serving overlapping originator and servicer customers within ICE's portfolio.

Direct peers

• eOriginal: Provider of eNote storage, transfer, and digital mortgage documentation (now part of ICE Mortgage Technology). Directly comparable as an eNote vault and lifecycle management solution serving the same lender, servicer, and warehouse lender customers.
• DocMagic: Provider of eNote creation, compliance, and digital closing solutions for the mortgage industry. Directly comparable as a SMART Doc-format eNote provider integrated with the MERS eRegistry, competing for the same digital mortgage workflow.
• Simplifile (ICE): ICE-owned eRecording and lien release network integrated with the MERS System for Automated Document Requests. Directly comparable as an adjacent document-recording and lien release infrastructure within the same ICE Mortgage Technology stack.

Emerging players

• Notarize: Leading Remote Online Notarization platform and a MERS RON Closing Provider member. Comparable as an emerging player in the RON video workflow that interacts with MERS RON Video Storage for long-term retention of eClosing videos.
• NotaryCam: Remote online notarization provider for mortgage closings (acquired by Notarize). Comparable as an emerging RON Closing Provider that relies on MERS RON Video Storage and MERS eRegistry for compliance and recordkeeping.
• FundingShield: Wire fraud prevention and verification provider for mortgage closings and warehouse lending. Comparable as an emerging player operating in the same warehouse-lending and closing ecosystem that interacts with MERS eRegistry and MERS Link.

Regional players

• ProTitle USA: Title and settlement services provider working in the U.S. residential mortgage closing workflow. Comparable as a regional participant in the chain-of-title ecosystem that benefits from MERS System tracking of servicing rights and beneficial ownership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mers

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MERSCORP Holdings