eVault with MERS

eVaultComponents of an eVault

eVaultDashboard

Log onto www.docmagic.com. From the dashboard, you’ll be able to access the eVault

Information here pertains to the loan, borrower, MIN, Controller, Location,

Servicer, Modified Date and extra Actions

Click any of these icons to access the Assets.

eVaultMenu Bar

The assets are the documents that were electronically signed during the

transaction, including the eNote.

eVaultA Quick Look at Assets

This eNote is MISMO-compliant XML data specifically designed for eSignatures.

eVaulteNote

eVaultUploading a Document

If you need to add any documentation to the package post-closing, you upload it here.

Choose your file.Click any of these icons to access the MERS Registry.

eVaultMERS eRegistry

eVaultMERS eRegistry

When a note is signed, it is immediately registered with MERS.

In a Paper Note Transaction, the original is sent back to the Lender.

In an eNote transaction, it’s who possesses the “Authoritative Copy.”

A NO indicates the eNote has not been transferred/sold to another Lender.

When you want to transfer the note, you click Transfer..

Choose the Action, Effective date, the Controller & Location.

eVaultTransfer

Clicking the eDeliver button is like packing an electronic envelope with all the documents, including the eNote.

In this case, Fannie can then access the eNote in their eVault.

When the recipient picks up the package, the Authoritative Copy will change to “NO”.

eVaultChange in Status

eVaultChange in Status

Here you can see the location of the rights holders.

eVaultChange in Status

To transfer servicing, you can click here again.