Reduce cycle time and cut costs associated with generating and managing paper documents.
Borrowers can more easily review loan documents in advance, which helps create an informative, efficient closing process.
Improve data quality and reduce or eliminate missing documents and signatures in the closing package.
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.
What is an eClosing?
An eClosing (electronic closing) takes place when closing documents receive an electronic signature. Not all documents must be signed electronically, and some documents may be printed and signed on paper.
For more information, visit the eClosings & eMortgages 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.
Explore eMortgage across the industry.
eNote volumes are exploding as organizations embrace eMortgage to streamline their processes and offer a better borrower experience. Why is this happening now, and where do we go from here? Read testimonials from industry stakeholders pioneering eMortgage across the industry: Quicken Loans, Bank of America Merrill Lynch, and Title One.
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:
“With eClosings, it’s easier for homebuyers to go over all the numbers and any discrepancies beforehand. That has been phenomenal.”
Real Estate Broker with John L. Scott - Emunclaw
“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