Origin Bank Offers New Technology in Mortgage Business
ADDISON, TX – Origin Bank is proud to announce the addition of eMortgage warehouse financing to the bank's product offerings. The bank is one of the first to adopt the technology of eMortgages, mortgages for which documents are created, transferred and stored electronically rather than by using traditional paper documentation methods. By partnering with eOriginal, a leading digital transaction company, and Fannie Mae, Origin Bank is one of only a handful of companies offering this service.
“Origin Bank is committed to adding value and meeting the banking needs of our customers,” said Senior Vice President of Origin’s warehouse lending group, Ken Johnson. “We are pleased to be an early adopter for financing of this remarkable product. eMortgages are the future of our industry."
The digital technology provides benefits such as faster liquidity in the secondary market, operational efficiencies, quicker warehouse inventory turn times, increased data quality, and consistency and accuracy in the closing process.
“We appreciate the partnership with early warehouse lending adopters who are focused on meeting the needs of their customers,” said Fannie Mae eMortgage Manager, Jennifer Parker. “The warehouse lending community has been slower to adopt eMortgages, but organizations like Origin realize their lender partners demand it for both the competitive advantages and the operational efficiencies that electronic processes provide. As our Joint GSE Survey Findings Report shows, lenders need to drive the eMortgage market forward. Therefore, to see a warehouse bank leading the charge is a strong signal that the market is experiencing wider spread adoption.”
“Through these partnerships, Origin Bank has taken a leading role in the transformation of the mortgage industry,” said Simon Moir, eOriginal’s General Manager of Digital Mortgage. “We look forward to working with Origin Bank to support their clients’ move to digital and further enabling the industry’s adoption of eNotes.”
Origin Bank’s mortgage warehouse team provides this digital service to other mortgage companies, bankers and lenders. The bank began offering eWarehouse financing for loans sold to Fannie Mae on January 1, 2017. For more information, please contact Ken Johnson (kjohnson@originbankonline.com) or Kim Cates (kcates@originbankonline.com) at Origin Bank’s Addison office at (972) 407-3420.
About Origin Bank
Origin Bank, formerly Community Trust Bank, is a more than century old, Louisiana-chartered bank which provides a wide range of traditional banking services with more than 40 banking centers throughout Louisiana, Texas and Mississippi. Origin Bank is a wholly-owned subsidiary of Origin Bancorp, Inc., a financial holding company with assets of over $4 billion. Origin Bancorp’s common stock is not listed on any exchange and is traded through individually negotiated transactions. Member FDIC. To learn more, visit Origin Bank’s website at originbankonline.com.