Planet Home Lending Boosts Efficiency For Correspondent Sellers With eNote Acceptance
Correspondent lenders looking to capitalize on the latest rate decreases through refinances can count on increased speed and accuracy when working with Planet Home Lending Correspondent, which accepts electronic promissory notes (eNotes) for Fannie Mae, Freddie Mac, and Ginnie Mae loans. Approved sellers gain a faster, more efficient way to deliver loans—while improving execution, eliminating signature errors, and enhancing borrower satisfaction.
“Giving lenders even the slightest edge in this market—like the ability to close loans faster—benefits the entire industry, and eNotes do exactly that,” said Jason Mac Gloan, SVP Correspondent Sales at Planet Home Lending. “Planet’s eNote acceptance reflects our ongoing commitment to providing correspondent lenders with competitive pricing, streamlined delivery, and the operational flexibility they need in any market climate.”
eNotes are the digital equivalent of paper promissory notes and a key component of a fully digital mortgage transaction. They enable seamless delivery through the MERS® eRegistry and offer faster turn times, fewer errors, and enhanced security.
“Accepting eNotes is another way we’re simplifying delivery and increasing efficiency for8 our correspondent partners,” said John Bosley, President of Mortgage Lending at Planet Home Lending. “We’re continually investing in tools and technology that help sellers scale their digital mortgage capabilities.”
Planet’s Correspondent Division offers a competitively priced suite of conventional, government, and niche loan products supported by highly automated, seller-friendly processes, Mac Gloan explained. The channel’s eNote capability supports the broader strategy to deliver ease, speed, and confidence in every transaction.
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