Freddie Mac has tested and approved NotaryCam, Inc.’s eClose360 online notary platform for eMortgage originations, the company announced.
“We are very pleased that our technology has now been approved by Freddie Mac for eMortgage closings,” NotaryCam founder and CEO Rick Triola said in a release. “Many portfolio lenders and those who sell eMortgages to other investors have been relying on our patented eClose 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,” Triola added.
eClose360 is an online notary platform that allows mortgage closings to happen entirely online. eClose enables the online notarization of deeds, power of attorney, health directives and other mortgage documents, the company said.