MERSCORP eMortgage Boot Camp Gives Industry Valuable Guidance and Information
Digital mortgage technology is not just about gaining one benefit. It’s about the myriad of benefits that come with an end-to-end digital mortgage process. However, to arrive at that goal, technologies must be implemented methodically and with the bigger picture in mind.
This was the message from Kara Lamphere, Chief Operating Officer of Mid America Mortgage, and was reinforced by other mortgage innovators at the recent MERSCORP eMortgage Boot Camp in Irvine, Calif.
Lamphere joined Bob Smedley, Senior Vice President of People’s United Bank; Shane Hartzler, Director of eMortgage Strategy and Operations with Fannie Mae; and Camelia Martin, Director, Member Integration at MERSCORP Holdings, for the panel, “Why eMortgages? Delight Your Borrowers, Enjoy Efficiencies, Get Ahead of the Curve.” The panel was moderated by Simon Moir, eOriginal’s Senior Vice President and General Manager of digital mortgage.
Setting the tone for a day of educational sessions, the panel focused on navigating phase two of the digital mortgage revolution, which goes beyond the borrower portal and begins to focus on an end-to-end process that creates an eNote to be managed all the way through to the secondary market. The following sessions discussed the shrinking barriers to digital mortgage, roadmaps to implementation, and a legal point of view on eMortgage preparedness.
The boot camp has gained growing interest from the industry in the wake of Fannie Mae and Freddie Mac’s increasing acceptance of eNotes. Additionally, eOrginal joined MERSCORP Holdings in April to provide the technology to power MERS® eNote Solutions.
On the eve of the MERS Boot Camp, eOriginal Inc. and loan origination system LendingQB announced a new integration to enable the generation, execution and management of eNotes.
Fully integrated into the MERS® eNote solution, the eOriginal-LendingQB offering provides originators of all sizes with accelerated entry into the digital mortgage ecosystem. This helps to gain process efficiencies and improving quality control by eliminating manual entries and reviews.
“With growing adoption and demand for more transparency, digital mortgage is delivering a competitive advantage and operational efficiencies that cannot be obtained through paper processes,” said David Colwell, Vice President of LendingQB Strategy.
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