EscrowTab's eClosing Technology Receives Approval From Fannie Mae
July 8, 2021
Tempe, AZ – EscrowTab, a mortgage technology company featuring a patented eMortgage platform that provides best-in-class software solutions for the loan closing process, announced today that Fannie Mae has reviewed and approved their eNote, eClosing and eVault products.
"We’re absolutely thrilled to receive a seal of approval across our end-to-end closing solution from such a renowned and trusted brand like Fannie Mae." said Kolin Porter, CEO of EscrowTab. "This marks another major milestone for EscrowTab and unlocks a valuable service provider to Fannie Mae customers nationwide."
Since hitting the market as the only eClosing solution that captures the borrower’s original handwritten electronic signature, EscrowTab has been making strides within the eMortgage space. EscrowTab has become one of the few companies to have all three eMortgage solutions built internally, enabling secure and integrated solutions right out of the box. Now, any Fannie Mae customer will be able to further streamline the loan closing process with signing, secure storage & transaction management from EscrowTab.
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 via our OCR technology. With EscrowTab’s patented eClosing solution, any type of document can be signed 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.
To learn more about EscrowTab’s Fannie Mae vendor approval, visit Fannie Mae.
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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