eNote Specification

The new eNote Specification will offer improved functionality and greater clarity to support delivery of electronic Notes (eNotes) delivered to Fannie Mae. More information about when this format will be accepted will be communicated in Q2 2018.


A Simpler Version of eNotes is on the Way

September 26, 2017

Fannie Mae and Freddie Mac (the GSEs) have developed and published a new electronic promissory Note (eNote) specification to support the delivery of eMortgage loans to the GSEs. The existing version 1.02 specification, which has been in use since 2003, was identified as a significant barrier to eMortgage adoption by multiple technology solution providers during the GSE industry outreach conducted in 2016. The updated specification, developed in collaboration with the MISMO SMART DocĀ® Tamper Evident Workgroup, is intended to address industry feedback related to the following:

  • Modernizing the specification by aligning the XML structure with the current MISMO Version 3.4 data model.
  • Transitioning from the existing XHTML view format to a PDF view to address implementation complexity concerns.
  • Providing more detailed implementation guidance and document samples to assist document providers in developing eNotes to the new standard.

Implementation Timeline

Fannie Mae and Freddie Mac have begun working with our technology partners to enable delivery of eNotes using the new specification. As this work progresses, further information will be communicated to the industry, however, we anticipate beginning to test with technology providers in Q1 2018, and permitting delivery of the new format sometime in Q2 2018.

While no decision has been made regarding the mandate date, the GSEs anticipate requiring delivery of the new format sometime in early 2019 for newly originated loans. We will continue to consult with technology providers to ensure we provide sufficient time for this transition.

More Information and Resources

The GSEs have each developed webpages where the new eNote specification can be found along with related documents and samples:

Fannie Mae and Freddie Mac have established the following email boxes for questions or comments related to the specification and supporting materials. Questions can be sent to either or both mailboxes, as the GSEs will collaborate on replies as well as on updates to our eNote FAQs, as needed to address common questions.