What's the difference between a hybrid and full eClosing?
Electronic closings (eClosings) can occur in different ways. Take a closer look at hybrid and full eClosings with remote online notarization (RON).
Give borrowers the ability to close on a loan from anywhere.
If you're looking to offer alternatives to in-person closings, read our FAQs for information on eClosings, eSignatures, remote online notarization (RON), and more.
Remote working changes the way we do business. Borrowers need digital closing options. Fannie Mae supports many digital mortgage solutions, including full eClosings, hybrid eClosings, and full eClosings using remote online notarization (RON).
Streamline processes associated with generating, reviewing, and managing paper closing documents.
Improve quality data
Improve data quality and reduce or eliminate missing documents and signatures in the closing package.
Borrowers can more easily review loan documents in advance, which helps create an informative, efficient closing process.
eNotes can be electronically signed in all 50 states. By the end of 2020, more than half the states have passed some form of RON legislation or authorized its acceptance.
Helpful eMortgage Resources
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.
What is an eMortgage?
An eMortgage (electronic mortgage) is a loan that originates upon the creation and execution of an eNote (electronic promissory note) during an eClosing. The loan is then transferred and stored electronically.
For additional eMortgage terms, visit the eMortgage Glossary.
Fund faster with an approved Warehouse Bank (WHB) that funds eNotes. Find e-capable Warehouse Bank (WHB) options on the list below: