Mortgage and capital markets are becoming increasingly digital. For lenders, eVault and eNote technology, combined with eClosings, are key requirements for moving collateral through the digital mortgage ecosystem.
Modern Mortgage Closings
Drive efficiency with single sign-on convenience, full LOS integration, and dedicated title collaboration tools with nCino eClose. Save time, build trust by connecting all closing participants, and streamline the homeownership and closing journey.
Download the eClose eBook
Certifying Our Commitment to Mortgage
eClosings take about 10 minutes through nCino… The shortened closing process leaves more time for buyers, sellers, and agents to wrap things up and celebrate the new homeowners.
Real Estate Partner, Altra Federal Credit Union
Altra Federal Credit Union Transforms Home Lending
Learn how Altra Federal Credit Union modernized their home lending process and brought closing times to about 10 minutes. With our mobile-first approach, seamless integration, and modern mortgage closings, nCino can help you turn your mortgage operation into a valuable asset.
Download the Altra FCU Case Study
How it Works: Closing through Servicing
Documents can be signed, notarized, and recorded electronically
Tamper-sealing prevents changes after signing
Documents are delivered to and reside in a secure eVault
eNotes are registered on the MERS® eRegistry
An inquiry-only application, MERS® eRegistry stores and delivers copies of eNotes and other electronic documents
The authoritative copy can be distinguished from all other copies
eVault enables secure transfer to the secondary market and GSEs
Hybrid Closing + eNote
Shorten the closing ceremony by enabling the majority of closing package documents to be eSigned. Remaining wet-sign documents are completed in person with a notary.
RON + Hybrid Closing
Remote online notarization provides convenience by allowing borrowers to electronically sign notary-required documents in a secure video call ceremony with a notary.
Full eMortgage Closing
Deliver modern convenience with a fully integrated electronic closing solution supporting traditional, hybrid, and fully digital closings.
Traditional Closing
The traditional closing process typically entails an in-person meeting and the physical wet-signing of documents, as opposed to the increasingly prevalent virtual or online closings.
Personal relationships with members are the heartbeat of our mortgage operation. nCino allows us to grow, manage, and evaluate the impact of those relationships with just a few clicks.
Jordan Houghtaling, Manager of Real Estate Systems, Altra Federal Credit Union
We have a lot of our title partners that reach out to us and say ‘This closing portal is awesome. You have no idea what else we’re dealing with out there.
Dan Windell , Senior Project Manager, Thrive Mortgage
Convenience is Your Competitive Advantage
nCino Mortgage Closing supports industry compliance and enforceability standards, while maintaining the highest level of legal enforceability.
Instead of paper promissory notes, in a fully digital mortgage, the borrower’s promise to pay is recorded via an eNote – the key document signed at closing – and an original is stored securely in the eVault.
Using the eVault helps clients securely manage their electronically signed assets throughout the entire post-execution loan life cycle.
eVault assists lenders in creating, storing, and assigning digital loans.
Users are able to tightly control and track access, status changes, and retention policies of the original documents.
In addition, the solution provides protection and compliance using digital tamper seals, as well as a detailed audit trail and reporting functionalities.
eClosing Resources
Thought Leadership
8 Reasons Credit Unions Are Choosing nCino for Mortgage Origination
Credit unions represent a unique sector within the world of finance. They offer an exceptional service to their member base, backed by competitive loan offerings. In order to deal effectively with this unique operational model, credit unions' lending technology needs to align correctly.
Credit unions play a vital role in their communities by offering their members important financial services like loans and savings accounts. A key component of credit union operations is the lending technology members and employees use.
Customer Stories
Altra Federal Credit Union Transforms Home Financing for Members and Employees with nCino’s Mortgage Suite
Altra Federal Credit Union (Altra) is a member-owned credit union with branch offices in Wisconsin, New Jersey, Minnesota, Tennessee, Texas and Colorado. Altra strives to provide consistent and up-to-date products, services and guidance to its members through a wide range of financial services.
Customer Stories
Journey to a Single Sign-On Home Buying Experience
Genesee Regional Bank was formed in 1996 to serve small business clients in the Rochester, Watertown and Central New York communities. When the community bank launched, it set out to meet the needs of their clients for today and tomorrow. From this original vision, the Bank has grown rapidly to become one of the leading mortgage lenders in the region, with more than$800 million in assets.
Applying for a mortgage can be a daunting experience. From collecting and organizing paperwork to completing lengthy application forms, the process can be time-consuming, stressful, and prone to errors. With the help of the right digital mortgage experience and a point-of-sale (POS) solution, however, the mortgage application process can be streamlined and simplified for the customer or member, real estate professional, loan officer, title and settlement partner.Keep reading to learn five reasons innovative financial institutions are choosing a digital mortgage solution with a built-in point-of-sale solution to modernize the home lending experience:Power lending experiences with a user-friendly interface.One of the biggest advantages of a digital mortgage experience combined with a point-of-sale solution is the user-friendly interface. With one login, each stage of the mortgage transaction is streamlined across all stages of the journey. The right solution simplifies application processes and provides customers with a simple, easy-to-navigate workflow that guides them through the application process step-by-step. It also empowers real estate agents and lenders to provide pre-approval letters at their office, or more conveniently through a mobile device. This ensures customers provide all the necessary information and reach key milestones, and it makes the application process less intimidating and more accessible. The right solution must also make the experience just as simple and seamless for customers that prefer to work directly with their loan officer. With a native mobile experience, customers can apply for a mortgage, receive approval, and close on their home, all from the convenience of a mobile device.
Thought Leadership
How Digitizing the Closing Process Can Benefit Your Bottom Line in 2023
With 2023 underway, savvy lenders are looking for mortgage tech that will help them navigate the economic headwinds this year is slated to bring. Efficiency, cost savings, and better collaboration are top of mind for many lenders. But which part of the mortgage journey can they digitize?
