What’s that about e-Vaults and MERS? Is that all part of the gradual movement to “e-Note” closings t
Yes. It is expected that more and more lenders will eventually become e-Note lenders, thereby digitizing the loan package and rendering the closing process paperless. One hallmark of an e-Note closing is that the electronically signed note is stored in an “e-Vault.” MERS is a national leader in the e-Vaulting of electronic notes.