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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Xerox Pushes e-Mortgage Evolution

April 29, 2010

Xerox Corp. is pushing the mortgage industry’s transition to paperless with new on-demand services that help industry participants overcome the hurdles of e-mortgage adoption by requiring little set-up and upfront investment.

Xerox Mortgage Services’ eVault is a virtual repository that directly connects to the Mortgage Electronic Registration System (MERS) e-registry system, giving loan participants instant access to information related to the status of an e-mortgage. eVault users have the ability to securely store and manage electronic promissory notes (e-notes) for funding, post-closing, servicing and custodial purposes. The MERS integration also allows loan stakeholders to verify the authenticity of the e-notes, resulting in secure and legally enforceable transactions.

Xerox currently stores more than 35,000 e-notes in its eVault, making it one of the largest eVaults in the industry. The eVault leverages industry standards and platforms, including the Mortgage Industry Maintenance Standards Organization (MISMO) and the MERS e-registry, making the system agnostic to document provider or closing platform. In addition, the eVault has undergone integration testing with Fannie Mae’s e-mortgage delivery system, offering Fannie Mae sellers a streamlined approach to delivering e-mortgages.

“By introducing the eVault, with established connectivity to MERS, we’re accelerating the move to e-mortgages and delivering the mortgage industry access to the technology it needs without a major capital investment,” said Greg Smith, vice president, Xerox Mortgage Services.

In addition to the eVault service, Xerox is also driving e-mortgage adoption by offering e-recording capabilities through its Erxchange solution from ACS, a Xerox company. Erxchange delivers loan documents for e-recording and can return them to lenders via Xerox’s BlitzDocs Collaboration Suite’s secure online folder.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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