eNote Storage, The Final Frontier
The recent rise of default asset management and REO has brought great attention to the need to accurately and securely store final loan documents. Too many stories have been told of missing notes to continue archiving loans in a paper fashion. Instead, lenders today are turning to the MERS® eRegistry to register electronic notes for greater security and transferability.
Xerox Mortgage Services’ BlitzDocs eVault is the industry’s largest hosted eVault (or online repository) – storing nearly 25% of the industry’s eNotes. The BlitzDocs eVault comes with MERS eRegistry connectivity, enabling lenders to be using the online repository in a matter of weeks. In addition, you benefit from:
- secure long-term archival.
- delivery of your eNotes to MERS for registration.
- certification of your eNotes.
- the ability to service transactions electronically, including servicing and transfer updates.
- compliance with ESIGN and UETA.