{"id":10577,"date":"2016-12-02T13:11:54","date_gmt":"2016-12-02T13:11:54","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=10577"},"modified":"2016-12-02T13:12:00","modified_gmt":"2016-12-02T13:12:00","slug":"freddie-mac-gives-nod-4-emortgage-vendors","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-gives-nod-4-emortgage-vendors\/","title":{"rendered":"Freddie Mac Gives Nod to 4 eMortgage Vendors"},"content":{"rendered":"

Freddie Mac Gives Nod to 4 eMortgage Vendors<\/h2>\n

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Freddie Mac Gives Nod to 4 eMortgage Vendors<\/p><\/div>\n

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For home shoppers who prefer a more digital mortgage process, mortgage giant Freddie Mac has published a report with a list of companies that meet its requirements for eMortgages, including for creating, signing, and storing electronic promissory notes.<\/p>\n

Freddie Mac first began purchasing eMortgages from sellers and servicers in 2005. The government-sponsored enterprise now regularly accepts electronic documents used in initial disclosures and electronic closings, such as loan applications and IRS forms.<\/p>\n

\u201cA number of factors are driving interest in eMortgages, including borrower demands for better, faster, more reliable service, and lenders\u2019 desire to save costs in the loan application process,\u201d says Samuel E. Oliver III, vice president of transformation management for the Single-Family Business at Freddie Mac. \u201cWe\u2019re doing what we can to create a more efficient system.\u201d<\/p>\n

Freddie Mac says the following four companies have completed its approval process and meet the technical requirements to create, sign and store eNotes (which are the repayment obligation between the borrower and the lender):<\/p>\n