Texas Capital Bank Funds Its First eNote

April 27, 2017

Texas Capital Bank, a provider of warehouse credit, recently funded its first electronic note with a key lender client using DocMagic’s e-mortgage technology suite.

According to a release, the eNote was delivered to Texas Capital Bank, registered with MERS and securely stored in DocMagic’s eVault. The transaction was completed and the eNote transferred to Fannie Mae in minutes, rather than days.

“DocMagic’s eClosing and eMortgage solutions have provided Texas Capital Bank with the tools necessary to incorporate the funding of eNotes into our everyday operational procedures,” said Donnie Martin, executive vice president at Texas Capital Bank. “We believe the digital mortgage revolution and acceptance of e-Notes will continue to grow. We are pleased to have partnered with DocMagic to build out the infrastructure needed to support the e-Note funding process at the bank, which in turn supports the trend towards digital mortgages.”

Contact ALTA at 202-296-3671 or communications@alta.org.