eMortgage
Get borrowers home faster. Go digital.
Send, sign, and close with confidence. eMortgages are designed with ease built in—so you can save time and cut costs while increasing accuracy and bettering your borrowers’ experience.
What is an eMortgage?
An eMortgage is a mortgage where the promissory note and other key documents are created, signed, and stored electronically, reducing reliance on traditional paper processes.
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Move past
yesterday's lending
Save time and simplify the experience for yourself and your borrowers.
Faster funding
Lenders can save up to 5 days in cycle time reduction with eNotes vs. Paper Notes.1
Fewer errors
Reduce human errors associated with generating, reviewing, and managing paper closing documents.
Accessible anywhere
Borrowers can receive and review their loan documents from anywhere in the world.
Convenient closing
With remote online notarization (RON) borrowers don’t have to coordinate closing around their busy schedule.
Learn key eMortgage terms
Switch to
eMortgage.
Stay ahead of
the game.
The data doesn’t lie – reduce Closing to Funding timelines with eNotes.
Let's demystify eMortgages
What does going digital really mean?
Myth or Fact
Fannie Mae requires the Note to be signed on the day of closing.
Myth! Fannie Mae does not require specific timing for document execution but requires that the "NOTE DATE" matches the date on the Security Instrument.
Myth or Fact
I'm not allowed to mix eNotes with paper Notes.
Myth! Fannie Mae has no restrictions on commingling eNotes and paper notes, and both can benefit from auto-certification.
Myth or Fact
My custodian is not ready for eNotes.
Myth! Your custodian is not required to have an eVault. Sellers deliver eNotes directly to Fannie Mae’s eVault.
Sign and secure the eNote
- Electronically sign the eNote (and any related documents) using an eClosing system.
- The eClosing system's tamper seal protects your documents.
- Register your eNote on the MERS eRegistry within one business day.
Transmit your eNote
Use MERS eDelivery to send the eNote and other needed documents (like a certified POA if used) straight to Fannie Mae's eVault.
Transfer control
Through the MERS eRegistry, hand over Control & Location of the eNote.2
Finalize and fund
Submit all loan delivery info, including the eNote Indicator, and once everything checks out, the loan is certified and funded.
Make the move today
Investigate
Learn how you can save time and money, reduce risk, and provide a better experience for borrowers and settlement providers. Discover best practices for transitioning.
Select partners
Choose the right eMortgage partners including technology service providers, servicers and sub-servicers, and warehouse banks. Find support today by searching a list of partners.
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Implement
Work closely with your partners and Fannie Mae to finalize the implementation process.
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Deliver
Ramp up your eMortgage program and provide an exceptional customer experience.
References
1The information presented above is based on data collected from January 1, 2024 – December 31, 2024 reflecting the aggregated response of lenders who deliver more than 25% of loans as eNotes to Fannie Mae
2C1-2-04, Delivering eMortgages to Fannie Mae
