Deutsche Bank/Freddie Mac launch automated eNote certification solution
February 4, 2020

Deutsche Bank's Trust & Agency Services reports that it has partnered with Freddie Mac to launch an automated eNote certification and safekeeping solution as a third-party Document Custodian representing the first of its kind in the industry. The platform combines a Deutsche Bank hosted automated certification solution that integrates with the Freddie Mac Loan Selling Advisor platform.

"In addition to minimizing the need for the current bifurcated custody model for eMortgage Seller/Servicers, this integration lays the foundation for potential solutions to minimize some of the technology setup costs required in the eNote process," said Samuel E Oliver III, Vice President, Single Family Major Projects, Freddie Mac.

Deutsche Bank currently serves as one of Freddie Mac's top Document Custodians. In the future, Deutsche Bank will be able to service the eNotes portfolio providing Freddie Mac Seller/Servicers a one-stop integrated solution.

Said Jose Sicilia, Global Head of Trust & Agency Services, Deutsche Bank: "The launch of this authentication solution together with Freddie Mac highlights Deutsche Bank's commitment to being the most innovative player in the US Document Custody space. With a strong team of industry experts and leveraging the latest advances in technology, Deutsche Bank continues to provide superior service to our clients."

eNotes were first issued in the US in 2001 but they have grown exponentially over the last two years, continues Deutsche Bank. It rolled out its eVault in May 2018. At that time, fewer than 500 eNotes were being originated on a monthly basis, this figure has grown to over 17k eNotes per month and it is expected to continue to grow in the future.

The Document Custody business at Deutsche Bank handles more than 95 percent of all eNote originations in the US, and Deutsche Bank serves as a Co-Chair on the Mortgage Bankers Association





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Deutsche Bank's Trust & Agency Services reports that it has partnered with Freddie Mac to launch an automated eNote certification and safekeeping solution as a third-party Document Custodian representing the first of its kind in the industry. The platform combines a Deutsche Bank hosted automated certification solution that integrates with the Freddie Mac Loan Selling Advisor platform.

"In addition to minimizing the need for the current bifurcated custody model for eMortgage Seller/Servicers, this integration lays the foundation for potential solutions to minimize some of the technology setup costs required in the eNote process," said Samuel E Oliver III, Vice President, Single Family Major Projects, Freddie Mac.

Deutsche Bank currently serves as one of Freddie Mac's top Document Custodians. In the future, Deutsche Bank will be able to service the eNotes portfolio providing Freddie Mac Seller/Servicers a one-stop integrated solution.

Said Jose Sicilia, Global Head of Trust & Agency Services, Deutsche Bank: "The launch of this authentication solution together with Freddie Mac highlights Deutsche Bank's commitment to being the most innovative player in the US Document Custody space. With a strong team of industry experts and leveraging the latest advances in technology, Deutsche Bank continues to provide superior service to our clients."

eNotes were first issued in the US in 2001 but they have grown exponentially over the last two years, continues Deutsche Bank. It rolled out its eVault in May 2018. At that time, fewer than 500 eNotes were being originated on a monthly basis, this figure has grown to over 17k eNotes per month and it is expected to continue to grow in the future.

The Document Custody business at Deutsche Bank handles more than 95 percent of all eNote originations in the US, and Deutsche Bank serves as a Co-Chair on the Mortgage Bankers Association



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