Mortgage Electronic Registration Systems information
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Mortgage Electronic Registration Systems, Inc.
Company type
Privately held company
Industry
Financial services
Founded
1995
Headquarters
Reston, Virginia, United States
Area served
United States
Products
MERS System, MERS eRegistry, MERS Commercial
Parent
MERSCORP, Inc.
Website
mersinc.org
Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation.[1] MERS is a separate and distinct corporation that serves as a nominee on mortgages after the turn of the century and is owned by holding company MERSCORP Holdings, Inc., which owns and operates an electronic registry known as the MERS system, which is designed to track servicing rights and ownership of mortgages in the United States. According to the Department of the Treasury, the Board of Governors of the Federal Reserve, The Federal Deposit Insurance Corporation and the Federal Housing Finance Agency, MERS is an agent for lenders without any reference to MERS as a principal.[2] On October 5, 2018, Intercontinental Exchange (NYSE: ICE) and MERS announced that ICE had acquired all of MERS.[3]
^"MERS: About Us". 2013. Retrieved 2013-03-28.
^"In the Matter of: MERSCORP, Inc., and the Mortgage Electronic Registration Systems, Inc., Reston, Virginia" (PDF). federalreserve.gov. Retrieved October 20, 2018.
^"NYSE parent company ICE acquires MERS". Housing Wire. October 5, 2018.
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