eMortgage Closing Guide

The MISMO eMortgage Closing Guide describes general eclosing concepts, provides general guidelines for electronic closing platforms and services, and explains the legal framework surrounding electronic closing. The Guide serves as an important reference tool for those who are interested in digital / eMortgage lending.

Business processes and technologies are fast evolving to enable the industry to move towards supporting a fully digital mortgage.  The eMortgage Closing Guide was recently updated and re-published for comment.   Updates to the eMortgage Closing Guide were necessary to reflect current industry usage and best practices related to eMortgages and hybrid electronic closings.  Additional updates were made to reflect best practices in areas such as remote online notarization, electronic notarization, eRecording, eNotes and electronic warehouse transactions.    

The eMorgage Closing Guide is being released for a 45-day comment period for MISMO members.  The comment period will remain open until January 31, 2020.

Access the eMortgage Closing Guide:

The updated eMortgage Closing Guide will be available for MISMO member comment until January 31, 2020.  MISMO members may download the eMortgage eClosing Guide on MISMO Connect.

Terms of Usage and Other Important Information:

The comment period is also intended to afford workgroup participants who worked on the eMortgage Closing Guide at least 30 days-notice prior to final release to review and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy). Disclosures and comments should also be directed to info@mismo.org.

At this time, MISMO also requests that organizations disclose in writing any patents and patent applications that might be infringed by an organization that uses the Guide.     

The release and use of MISMO standards and other resources, including eMortgage Closing Guide, are governed by the MISMO Intellectual Property Rights (IPR) Policy. More information on the policy is available at: http://www.mismo.org/x242632.  

Industry participants who have comments or questions about the eMortgage Closing Guide may contact MISMO at info@mismo.org.