Online notary platform approved by Freddie Mac for eMortgage closing

The online platform was approved by Fannie Mae in February

Online notary platform approved by Freddie Mac for eMortgage closing
NotaryCam’s eClose360 online notary platform has been approved by Freddie Mac for eMortgage origination, according to a news release.

“We are very pleased that our technology has now been approved by Freddie Mac for eMortgage closings,” said Rick Triola, founder and CEO of NotaryCam. “Many portfolio lenders and those who sell eMortgages to other investors have been relying on our patented eClose360 ceremony for some time. Now, mortgage lenders who sell their production to Freddie Mac can execute a full set of loan docs, register with MERS eRegistry and fund in near real-time and share those benefits with their partners and borrowers.”

Through NotaryCam, businesses and individuals are able to legally notarize, sign and execute documents online.

NotaryCam is a Fannie Mae-approved provider of SMARTDoc and eVault solutions. In February, eClose360 was tested and approved by the GSE as a digital mortgage solutions provider.


Related stories:
North Carolina completes first eClosing
Fannie Mae enhances its eMortgage platform