EscrowTab reviewed and approved by Freddie Mac for eNote, eClosing, & eVault
March 20, 2021
Tempe, AZ – EscrowTab is a mortgage technology company featuring a patented eMortgage platform that provides best in class software solutions for the loan closing process, announced today that Freddie Mac has reviewed and approved their eNote, eClosing and eVault solutions. This marks an important milestone for EscrowTab to service Freddie Mac lenders, becoming one of the few companies to have all three eMortgage solutions built internally without third party companies.
"We watched the incredible increase in eMortgage transactions throughout 2020 and are eager for our platform to assist in the full digital adoption of the loan closing process,” said Kolin Porter, CEO of EscrowTab."
EscrowTab has generated buzz since hitting the market as the only eClosing solution that captures the borrower’s original handwritten electronic signature. With their approval by Freddie Mac for all aspects of their internally built eMortgage platform, EscrowTab will be able to further streamline the loan process with signing, secure storage & transaction management for any Freddie Mac lender.
EscrowTab provides lenders with the tools to finally achieve the efficiencies of eNote’s without costly integrations. eNotes can be generated automatically via LOS integration, manual creation, or can be automatically generated by scanning standard notes via our OCR technology. With EscrowTab’s patented eClosing solution allows for signing any type of document with original handwritten signatures, just like paper, on a secure tablet. The process is facilitated by EscrowTab’s eVault that boasts double-encryption security for the signing, storage and transfer of loan documents.
EscrowTab saves title agencies money by applying technology to the existing closing process, ensuring loans are closed in accordance with the lender requirements faster than the paper process. For Lenders, EscrowTab is designed to help seamlessly transition from paper closings to eClosings without changing their current process or increasing costs.
"We are honored to see EscrowTab's solutions approved by Freddie Mac," said Porter. "In this experience economy, we're excited to see such a prestigious organization align with our mission to create a streamlined, efficient & intuitive experience for clients while offering better process, pricing & secure solutions to lenders & title agencies."
To learn more about EscrowTab’s Freddie Mac vendor approval, visit Freddie Mac.
EscrowTab is a mortgage technology company featuring a patented eMortgage platform that provides best in class software solutions for the loan closing process. They provide eNote, eClosing and eVault services built in API-first microservice architecture allowing native integration into existing lender and title software. EscrowTab’s platform prepares lenders and title agencies for eMortgage adoption without any required changes to process and are built to the highest MISMO and GSE requirements. For more information, visit the company’s website at www.escrowtab.com or follow them on social media at LinkedIn.
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