Fannie Mae reported over 2.5 million unique eNotes registered on the MERS eRegistry by April 2025. Lenders see improved operational efficiency and enhanced borrower experience as key benefits of eNotes. However, challenges remain, particularly with remote online notarization legislation, where 40% of lenders cite lack of uniformity as a major concern. Additionally, lenders ranked business process streamlining and cost reduction as top priorities for 2025, shifting focus from talent management, while also expressing improved optimism about the economy and consumer sentiment.
Fannie Mae reported over 2.5 million unique eNotes registered on the Mortgage Electronic Registrations Systems (MERS) eRegistry by April 1, 2025, reflecting significant adoption.
Lenders indicate that the top benefits of eNote usage are enhanced operational efficiency, at 49%, and 47% cite an improved experience for borrowers.
Challenges for eClosings include inconsistent RON legislation, with 40% of lenders deeming it the primary obstacle, and low investor acceptance of In-Person Electronic Notarizations hampering adoption.
In 2025, lenders prioritize business process streamlining and cost reduction as top goals, reflecting a shift from previous focus on talent management and leadership.
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