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J.P. Morgan Adopts eNotes to Help Drive Efficiencies for Mortgage Companies

May 16, 2019, 08:50 AM
Filed Under: Real Estate

J.P. Morgan’s Corporate Client Banking and Specialized Industries (CCBSI) Mortgage group continues to improve the warehouse lending process, helping clients drive efficiencies and grow. The business announced that it’s now accepting electronic promissory notes (eNotes) as collateral to fund warehouse lending transactions. 

“Consumers are tech savvy and looking for digital options that simplify the mortgage experience,” said Thanh Roettele, Head of CCBSI Mortgage. “This is where the industry is headed and we’re meeting our clients’ needs to help save them time, while providing convenience to their customers.”

The use of eNotes is impacting the industry by helping to improve data quality and security, speeding up the mortgage funding process by shortening loan origination times, reducing errors, and lowering costs by eliminating paper, shipping and storage fees. J.P. Morgan accepts and stores eNotes in an eVault.

“Our clients are increasingly adopting eNotes and tech enabled mortgage lenders will have a competitive advantage,” added Roettele.

The CCBSI Mortgage group offers independent mortgage companies best in class warehouse lending capabilities and traditional financial solutions, with strong industry expertise and a fortress balance sheet. Clients also have access to the firm’s vast network to meet their unique needs. CCBSI collaborates with other lines of business, including Investment Banking, Chase Home Lending, Sales and Trading and Asset and Wealth Management, to bring corporations integrated and sophisticated financial solutions, including treasury services, capital raising, loan syndications, mergers, hedging and acquisitions advisory and private banking, among other solutions. CCBSI has multinational, regional and industry experts that have deep knowledge and experience in specific markets and sectors.

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