Baltimore | September 28, 2017 – eOriginal, Inc., a financial services technology company, today announced the deployment of its end-to-end digital mortgage technology to People’s United Bank, N.A.’s, eWarehouse Division. eOriginal’s solution will provide People’s United with a full-service digital mortgage platform allowing originators and secondary market partners the ability to digitize their processes from signature to notarization and recording, through warehousing and custodial services.
“Our eMortgage technology is designed to provide clients with an enhanced experience, bringing greater scale, efficiency and accuracy through the use of our platform,” said eOriginal’s General Manager of Digital Mortgage Simon Moir. “The continued expansion of our client base is a clear indicator of the growing adoption of digital mortgage solutions as clients increasingly demand a digital experience.”
eMortgage provides clients a competitive advantage and operational efficiencies that cannot be obtained through traditional paper processes, including the ability to:
- Manage interactions between parties in the loan process in an auditable manner to reduce lender risk.
- Provide visibility, security and auditability to assure proof and verification of the final disposition of documents.
- Manage the assets as transferable records within the secondary market.
- Receive and verify electronic promissory notes (eNotes) created through an electronic closing (eClosing), allowing originators to deliver to the warehouse lender in real-time.
For eOriginal, this announcement comes on the heels of an integration with Notarize to enable an end-to-end online closing as well as the launch of Fannie Mae’s next generation electronic vault. The launch included moving billions worth of assets (eNotes) onto its hosted platform to enable the secure management of these digitally signed eNotes throughout their lifecycle.
eOriginal’s platform of integrated solutions delivers a fully digital mortgage and supports every type of digital closing strategy. Available for both Mortgage Electronic Registration System, Inc. (MERS) and non-MERS loans, the platform has been vetted in mortgage, auto finance and lease, deeded vacation ownership and marketplace lending. It is accepted by the major rating agencies, issuers’ counsel, top lenders and investors in the secondary markets. The platform can leverage any loan origination system (LOS) or document preparation provider and is designed to be extensible as lenders complete their digital transformation.
# # #
eOriginal is the leading provider of Digital Transaction Management solutions to the financial services industry. The eAsset® management platform is 100 percent secure, enabling originators, custodians, investors and others to digitize lending and securitization processes. eOriginal solutions ensure that every transaction is verifiably secure, legally compliant and enforceable. As the first company to execute a digital mortgage, eOriginal is also core to the digital transformation of the mortgage industry. For more information, visit https://www.eoriginal.com/.