Reduce cycle time from origination to delivery and eliminate costs associated with generating and managing paper closing documents.
With the capability to review loan documents in advance, an eClosing provides borrowers an informative and efficient closing process.
Improve your data quality and eliminate missing documents and signatures in the closing package.
What is an eClosing?
An electronic closing occurs through a secure digital environment where some or all of the closing documents are accessed and executed electronically.
What is an eMortgage?
An "eMortgage" (electronic mortgage) refers to electronically-signed closing documents paired with an original digital promissory note (eNote or electronic note) signed on an eClosing platform and registered with the MERS® eRegistry upon execution.
Want to know more? Check out the Frequently Asked Questions (FAQs).
How do I know if I'm ready for eMortgage?
The eMortgage Readiness Checklist outlines key steps toward adopting the digital mortgage process and will prepare you for selling and servicing eMortgages with Fannie Mae. Use it to assess readiness and track your progress.
Read the latest from industry experts:
Things are changing as the mortgage industry moves into the digital age. See what Henry Cason, head of digital products at Fannie Mae, has to say about these changes.
Use the Fannie Mae eMortgage Calculator to evaluate the potential benefits of an eMortgage process for your business by comparing paper vs. electronic mortgage options. Test these scenarios:
Not sure about how to use the eMortgage calculator? Check out this demo video.
Use the eMortgage Readiness Checklist to review key steps toward adopting a digital mortgage process. This checklist will prepare you for selling and servicing eMortgages with Fannie Mae.
Fund faster with an approved Warehouse Bank (WHB) that funds eNotes. Find e-capable Warehouse Bank (WHB) options on the list below:
Verify your servicer can support eNotes. Find servicing options on the list below:
“The company recouped the cost it spent to implement a digital closing process in just three months.”
President-owner at Mid America
“In post-close & delivery, we save about 45 minutes to an hour across all the departments who touch the file.”
Chief Financial Officer at Thrive Mortgage
“Within three years, I think [eMortgage] will be normal and people will wonder why we did it any other way.”
Chief Operations Officer at Land Home Financial Services