Mortgage Electronic Registration Systems, Inc. (MERS) was created by the U.S. mortgage banking industry to streamline the mortgage process by using electronic commerce. It operates the MERS® System, a national electronic registry that eliminates the need for traditional paper assignments of mortgages by allowing members to track servicing rights and ownership interests as they are bought and sold. MERS acts as the mortgagee of record in the county land records for the lender and its successors. The company is a subsidiary of MERSCORP Holdings, Inc., which is wholly owned by Intercontinental Exchange (ICE).

Founded in

United States