Originators and Warehouse Lenders recognize an electronic mortgage process is within the realm of possibility. The CFPB Loan Estimate and Closing Disclosure being moved from a paper process to a digital process, opening the door for greater efficiency, which is less labor intensive.
Street Resource Group has been hosting a monthly eWarehouse Workgroup to support industry and education, and broaden the investor market for acceptance and purchase of eNotes by facilitating warehouse lender adoption. SRG encourages collaboration and participation from all the counterparties to develop industry standards for eWarehouse business processes, based on the electronic exchange of data and documents, and identify issues and problems which are barriers to adoption.
TMC - Chief Operating Officer