Electronic Mortgage is a mortgage that is recorded and managed electronically, rather than on paper. The key features of an Electronic Mortgage are: eNote – a digital version of the promissory note; eClosing – signing mortgage documents electronically; eVault – secure digital storage for mortgage records. It helps businesses process records faster, reduce paperwork and improve security.
In other words, electronic mortgages speed up loan processing and closing times and optimise the entire home buying process – all the while preventing fraud and errors in mortgage-related documentation.
Learn how trace:original electronic mortgage documents can help make your mortgage process faster, cheaper, and less cumbersome – here.