It only took a few months to get set up; by December 2016, Thrive Mortgage had a program in place to deliver eNotes and closed their first eNote in Austin, TX. The onboarding process had a few challenges including a reluctance from title companies to do a true eClosing.
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While researching, Michael discovered another Texas-based lender that was delivering eNotes to Fannie Mae and realized Thrive Mortgage could too. It only took a few months to get set up; by December 2016, Thrive Mortgage had a program in place to deliver eNotes and closed their first eNote in Austin, TX.