A listing of approved technology vendors (with contact information) who offer a solution that enables submission of eMortgages to FannieMae is now available on the eClosings/eMortgages page.
eClosings promote efficiency, improved data quality, and faster liquidity in the secondary market.
Smaller lenders embrace electronic processes to gain a competitive advantage in the form of customer satisfaction.
The cost and time to create mortgage loans continues to increase. One way to cut the time and expense of originating those loans is the use of an eVault, to store documents and related data for individual loans.
Fannie Mae has been working for over a decade to make paper-based processes electronic. Going ‘paperless’ could save $1 billion annually.