“Even small and mid-size lenders can take advantage of secure system and easy implementation”
Housing Wire-
The momentum surrounding the digital mortgage process continues to grow, with technology vendors developing new products and solutions at every turn. However, piecing together the various components into a seamless process that integrates well with every other solution is a challenge that is hindering wider adoption.
While some companies are new to the digital mortgage landscape, MERSCORP Holdings has operated the MERS eRegistry since 2004 and understands the complexity — and the potential — of digital implementation.
The company recently partnered with eOriginal to launch an eNote solution that expands their MERS eSuite, enabling the creation, execution, vaulting and management of the electronic promissory note, or eNote, to mortgage originators across the industry.
“Our members asked for this because they’ve been able to take resources that had been dedicated to building infrastructure for regulatory implementation and shift them to finding ways to improve the borrower experience and finding efficiencies that would decrease the cost of origination,” said Brendon Weiss, COO of MERSCORP Holdings. “Ultimately, MERS’ goal is to help in the digital transition and we’ll continue to work with any and all vendors that are looking to make sure this transition occurs.”
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