MERSCORP Holdings, Inc. and eOriginal, Inc. have launched a new solution offering that will enable originators to accelerate entry into the digital mortgage ecosystem. The MERS eNote Solutions, part of the MERS eSuite, will enable the creation, execution, registration, and management of the electronic promissory note, or eNote, to mortgage originators across the industry.
“MERSCORP Holdings is proud to provide technology-based solutions that add value to our members’ bottom line,” said Brendon Weiss, COO of MERSCORP Holdings. “Our members identified several gaps that need to be addressed to increase eNote adoption, and this new solution fills a significant need for originators seeking to leverage existing vendor relationships.”
Interest in the production of eNotes continues to grow as consumers and lenders recognize the value of moving toward a more streamlined, electronic process. With more than 5,000-member organizations, MERSCORP Holdings is central to the growth of digital mortgages, and the new service provides a turn-key solution to those members who are driving toward a paperless process.
“This solution will enable thousands of originators to realize the benefits of a digitally executed promissory note at the closing table. The eNote is the most important document of a digital closing because it is critical for the funding of electronic mortgages by investors,” said Simon Moir, SVP and General Manager of Digital Mortgage at eOriginal. “MERSCORP Holdings, as the operator of the MERS eRegistry, has been instrumental in the advancement of a digital mortgage. We are proud to have eOriginal’s technology power the MERS® eNote Solutions.”
eOriginal delivers a fully digital mortgage and supports every type of digital closing strategy. By creating a ‘digital original’, eOriginal guarantees trusted transactions of digital financial assets. Major financial institutions, leading law firms and credit rating agencies have validated and relied on eOriginal as a trusted partner with the greatest depth of digital transaction management expertise to navigate and advise on industry best practices.