eOriginal’s ClosingCenter provides a simple closing experience for lenders, borrowers and settlement agents, while eAsset Management provides advanced ownership and location transfer tools for eNotes. Closing Center eliminates bottlenecks to secondary market delivery by reducing the time required to sell eNotes to investors from weeks to days. eAsset Management provides first-to-market support for MERS eRegistry’s Secured Party feature, allowing interim funders and investors to better identify and manage their security interests in eNotes.
- Using ClosingCenter, Fairway Independent Mortgage experienced 80% faster mortgage acceptance by secondary market investors, including Fannie Mae and Freddie Mac.
- Fairway Independent Mortgage also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.