Deutsche Bank, Freddie Mac Team to Deliver Automated E-Note Certification Solution

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Deutsche Bank has integrated its hosted automated certification solution with Freddie Mac’s Loan Selling Advisor platform to deliver the mortgage industry’s first automated e-note certification solution.

“In addition to minimizing the need for the current bifurcated custody model for e-mortgage seller/servicers, this integration lays the foundation for potential solutions to minimize some of the technology setup costs required in the e-note process,” says Samuel E. Oliver III, vice president, single family major projects, Freddie Mac, in a release.

Deutsche Bank currently serves as one of Freddie Mac’s top document custodians. In the future, Deutsche Bank will be able to service the e-notes portfolio providing Freddie Mac seller/servicers a one stop integrated solution.

“The launch of this authentication solution together with Freddie Mac highlights Deutsche Bank’s commitment to being the most innovative player in the U.S. document custody space,” says Jose Sicilia, global head of trust and agency services, Deutsche Bank. “With a strong team of industry experts and leveraging the latest advances in technology, Deutsche Bank continues to provide superior service to our clients.”

E-notes were first issued in the US in 2001 but they have grown exponentially over the last two years. Deutsche Bank has continued to partner with the country’s leading mortgage lenders to support the digital solutions for the industry.

Deutsche Bank rolled out its e-vault in May 2018. At that time, less than 500 e-notes were being originated on a monthly basis, this figure has grown to over 17,000 per month.

The document custody business at Deutsche Bank handles more than 95% of all e-note originations in the U.S.

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