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The time period “eMortgage” typically refers to using digital processes and signatures within the mortgage manufacturing course of. Particularly, it refers to electronically-signed closing documents paired with an unique digital promissory observe (eNote) signed on an eClosing platform and registered with the MERS eRegistry® upon execution.
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SALT LAKE METROPOLIS, Utah, Might 4, 2020 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Providers, Inc. (IDS), announced it has expanded the capabilities of its eClose platform to include enotes review eNotes. Just lately branded as Solitude Solution, the platform’s eClosing capabilities permit lenders and borrowers to execute loans digitally.
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No. The custodian doesn’t require an approval for eMortgages specifically, but it surely does have to be a Fannie Mae accepted custodian. Fannie Mae maintains an eVault and we provide view-entry to our vendor’s custodian in order e notes to certify any eMortgage paperwork which may require guide evaluation. Sellers ought to verify that their custodian is setup to entry Fannie Mae’s eVault.
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