NotaryCam, a Stewart-owned company and a pioneering provider of remote online notarization (RON) and identity verification/authentication technology for real estate and legal transactions, today announced that its eClose360® platform is fully compatible with the Mortgage Industry Standards Maintenance Organization’s (MISMO) newly published SMART Doc® V3 standard for electronic home equity lines of credit (eHELOCs).
The MISMO eHELOC standard provides a common framework for originating, closing and servicing eHELOCs by defining the data, document structure and process requirements needed to create a SMART Doc® V3 file. It establishes consistent formats for key sections of a HELOC agreement—including agreement details, advance terms, interest terms, payment terms and closing costs—and maps the required fields to ensure interoperability between lenders, settlement service providers and investors.
NotaryCam’s eClose360 platform aligns with these requirements by enabling compliant remote online notarizations, automating document tagging and preparation to reduce errors, generating and managing eNotes through government-sponsored enterprise-approved vendors, and securely depositing and delivering completed eNotes via its integrated eVault. Together, these capabilities allow lenders to originate and close eHELOCs in full compliance with MISMO’s SMART Doc V3 specification while streamlining operations and enhancing borrower convenience.
“By ensuring our platform is compatible with MISMO’s eHELOC standard, we are enabling lenders and settlement partners to confidently bring digital mortgage innovation to the home equity market,” said Brian Webster, president and CEO of NotaryCam. “Our eClose360 platform delivers the consistency and compliance required for eHELOC originations while maintaining the speed, security and borrower-friendly experience lenders expect from modern closings.”
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