The GSE seeks to make mortgage processes easier and cheaper through cloud-based solutions
Fannie Mae has selected electronic document company eOriginal as its technology solution provider for its eVault, according to a news release.
Making the lending and borrowing process easier for its customers, Fannie Mae is dedicated to eliminating obstacles and making its eMortgage platform more secure.
“With eMortgage, lenders and borrowers get freedom from paper-based processes at the closing table, leading to a better borrower experience and increased operational efficiencies for lenders ,” said Cindy McKissock, vice president of customer digital experience at Fannie Mae. “We continually look for ways to help lenders who want to deliver an end-to-end digital mortgage experience.”
“With increasing pressure from borrowers for a better mortgage experience, and ever-increasing scrutiny on compliance by regulators, it is time for lenders who are still bound to paper to take the steps to embrace the digital mortgage process,” said Simon Moir, general manager of digital mortgage at eOriginal. “Fannie Mae’s commitment to electronic mortgage is further evidence that the industry is ready for a digital transformation that can improve the borrower experience and deliver operational and capital efficiencies to the lender.”
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Making the lending and borrowing process easier for its customers, Fannie Mae is dedicated to eliminating obstacles and making its eMortgage platform more secure.
“With eMortgage, lenders and borrowers get freedom from paper-based processes at the closing table, leading to a better borrower experience and increased operational efficiencies for lenders ,” said Cindy McKissock, vice president of customer digital experience at Fannie Mae. “We continually look for ways to help lenders who want to deliver an end-to-end digital mortgage experience.”
“With increasing pressure from borrowers for a better mortgage experience, and ever-increasing scrutiny on compliance by regulators, it is time for lenders who are still bound to paper to take the steps to embrace the digital mortgage process,” said Simon Moir, general manager of digital mortgage at eOriginal. “Fannie Mae’s commitment to electronic mortgage is further evidence that the industry is ready for a digital transformation that can improve the borrower experience and deliver operational and capital efficiencies to the lender.”
Related stories:
Mortgage rates increased in January
MBA recommends turning GSEs into utilities
