NotaryCam, Inc., the global leader in online notary and mortgage eClosing services, announced today that the company’s eClose360 online notary platform has been tested and approved by Freddie Mac for eMortgage origination. To be approved, vendors must meet Freddie Mac’s requirements to provide eMortgage solutions.
“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.”
NotaryCam’s eClose360 is an online notary platform that allows mortgage closings to take place entirely online — solving the last-mile digital challenge — thereby removing all associated stress and the friction of having to attend closings physically.