Mortgage Electronic Registration Systems, Inc or MERS
A MERS document is both a Mortgage and as Assignment therefore it is treated as such. It will be priced as a Mortgage & Assignment Within $126.00 for the first 30 pages, and $3.00 per page thereafter. It will be indexed as the Mortgagee and the Bank will be indexed as both the Mortgagee and the Mortgagor assigning the mortgage to MERS.