Fuel for Originator eMortgage Adoption
Only a few months into 2025 and the digital mortgage landscape is transforming rapidly, which might be an accelerant for eMortgage adoption. In this edition of The Falcon Digital Mortgage View we cover Rocket Mortgage’s acquisition of Mr. Cooper as well as the eMortgage debut of AmeriHome Correspondent.
Much has been said already about the Rocket – Mr. Cooper deal bringing together the largest residential mortgage originator and the largest servicer, but it’s gone under the radar that a large part of Rocket and Mr. Cooper’s production and servicing (as well as correspondent intake) consists of eMortgages. Indications are that the combined enterprise will double down on the technologies and innovations at the heart of each organization’s success – think AI, digitalization, and, of course, eNotes.
In a 2023 article, we predicted originator eMortgage adoption would take off once we hit 70 – 80% adoption among the top aggregator-investors. Originators selling into the secondary market want as many eNote outlets as possible to ensure they get their best execution and don’t get stuck with unsalable loans. The opening up of AmeriHome’s Correspondent channel to eNotes should put us in range of seeing significant uptick in originator adoption.
If you’re an originator interested in eMortgage, contact Falcon today. Our team of experts can help you select and implement the right technology vendor for your organization and develop an effective strategy and roadmap to ensure success.
Industry News
Rocket Mortgage to Acquire Mr. Cooper
Rocket Companies, the nation’s largest mortgage lender, announced a deal to acquire the nation’s largest mortgage servicer, Mr. Cooper, by year end. This deal comes in the recent aftermath of Rocket’s acquisition of digital real estate brokerage Redfin and positions Rocket to expand its use of AI and data analytics beyond mortgage origination.
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AmeriHome Correspondent to Begin Accepting eNotes
AmeriHome, the largest bank-owned correspondent mortgage investor in the U.S., has partnered with Snapdocs to support eNote adoption across its network of independent mortgage bankers, banks, and credit unions. 50% of lenders originating eNotes today are AmeriHome customers, highlighting the impact Amerihome’s eNote acceptance will have on industry-wide adoption efforts.
Fairway Introduces First eClosed Reverse Mortgages
Fairway Independent Mortgage Corporation is the first lender to introduce hybrid eClosings for Home Equity Conversion Mortgage (HECM) borrowers. Fairway’s hybrid eClose rollout is part of a broader strategy to modernize reverse mortgage lending.
More Home Buyers are Going Digital
According to a quarterly report from Lenderlogix, in early 2025, homebuyers significantly increased their use of digital lending tools, leading to a 37.8% rise in pre-approvals and a 54% jump in new mortgage applications compared to the previous quarter. This surge in engagement also shortened the average time from pre-approval to loan submission and boosted post-application activity, such as document uploads and income verification. Despite affordability concerns and market volatility, the data suggests strong buyer intent and a shift toward faster, tech-driven mortgage processes.
AI-Driven LOS Algebrik Integrates eSignature Capabilities
Algebrik AI has partnered with Docusign to integrate eSignature capabilities directly into its AIdriven Loan Origination System (LOS), enhancing digital workflows for financial institutions. Through the partnership, Algebrik aims to reduce operational burden and complexities of digital transformation while improving borrower experience.
Industry Commentary and Education
Report on the State of eClose Adoption
Snapdocs and Arizent surveyed banks, credit unions, and IMBs to assess mortgage industry progress toward widespread eClose adoption. While 90% of those surveyed indicated they offer some form of digital closing to borrowers, a smaller percentage (31%) are doing digital closings at scale. The survey also probed adoption barriers, technology priorities in 2025, and criteria for technology selection.
MERS® Annual Report Third Party Review
Falcon Capital Advisors provides best-inclass service as a third-party reviewer for the MERS® Annual Report. For servicers of 1,000 or more MERS loans, the Annual Report must entail review and confirmation by a qualified independent firm that processes and controls are in place to ensure compliance with MERS® System requirements.
No firm is more qualified than Falcon. Our review team consists of former members of the MERS legal, operations, membership, and compliance departments. We have unmatched experience and expertise developing, enforcing, and assessing compliance with requirements covered by the MERS® Annual Report. From docs and data to systems and reporting, we have you covered.
Although the MERS® Annual Report is not due until December 31st, servicers can submit it starting in June. Don’t wait. Contact Falcon today ([email protected]) for a free consultation.
