source:
  type: guide
  id: fnma-sel-b8-8-01
  authority: Fannie Mae Selling Guide B8-8-01 — General Information on eMortgages
  description: Fannie Mae Selling Guide B8-8-01 — General Information on eMortgages.
  coverage_tier: operative
obligations:
- id: fnma-sel-b8-8-01-full
  canonical_id: fnma-sel-b8-8-01-full
  section: Fannie Mae Selling Guide B8-8-01 — General Information on eMortgages
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B8-8-01 — General Information on eMortgages
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B8-8-01, General Information on eMortgages (11/05/2025) Introduction
      This topic contains general information on eMortgages, including: Overview Technology
      Requirements eMortgage Legal Requirements eMortgage Eligibility eMortgage Electronic
      Signatures Delivery of eMortgages to Fannie Mae Sale of Third-Party Originated
      eNotes Servicing Overview An eMortgage is a loan for which the promissory note
      and possibly other documents (such as the security instrument and loan application)
      are created and stored electronically rather than by traditional paper documentation
      that has a pen and ink signature. Because some recording jurisdictions will
      not yet accept electronic documents for recordation, eMortgages may consist
      of a paper security instrument and an electronic note (eNote). Published May
      6, 2026 919 This topic provides general information on the requirements for
      the origination and sale of one- to four-family eMortgages that Fannie Mae will
      purchase and securitize. See A2-1-01, Contractual Obligations for Sellers/Servicers
      for special approval requirements for sellers and servicers of eMortgages. Additionally,
      the eMortgage Technical Requirements are incorporated into the terms of the
      lender''s Mortgage Selling and Servicing Contract, as amended by the eMortgage
      Addendum. Technology Requirements Each lender must use an eNote technology provider
      that has completed integration testing with Fannie Mae (see eClosing Technology
      Service Provider List). The lender is responsible for determining that the technology
      provider meets the legal, technological, and operational requirements necessary
      to electronically create valid and enforceable mortgage obligations and/or eﬀectively
      service eMortgages and that it otherwise complies with Fannie Mae''s requirements
      (which may be in addition to minimum statutory requirements). A lender cannot
      use any other software technology or any other technology provider without the
      express written prior approval of Fannie Mae. Lenders must inform Fannie Mae
      prior to making substantial technology changes including changes to eNote or
      eVault technology providers to ensure changes are coordinated with Fannie Mae
      systems. The lender must ensure that it has executed all tests required by Fannie
      Mae and that all systems and processes necessary to deliver and/or service eMortgages
      pursuant to this Guide and the MERS eRegistry requirements, are fully operational,
      including, systems integration among the lender, Fannie Mae and MERS. eMortgage
      Legal Requirements The lender makes all of the following representations and
      warranties with respect to each eMortgage sold to and, where applicable, serviced
      for Fannie Mae: Each eMortgage is evidenced by an eNote that is a valid and
      enforceable Transferable Record Pursuant to the Uniform Electronic Transactions
      Act ("UETA"), or the Electronic Signatures in Global and National Commerce Act
      ("ESIGN"), as applicable, and there is no defect with respect to the eNote that
      would confer upon Fannie Mae, or a subsequent transferor, less than the full
      rights, beneﬁts and defenses of Control (as deﬁned by the UETA and ESIGN) of
      the Transferable Record. Prior to transfer to Fannie Mae, the lender is an entity
      entitled to enforce the eMortgage and, subject to C1-2-04, Delivering eMortgages
      to Fannie Mae, is named the Controller (the person having control of the Transferable
      Record) on the MERS eRegistry; and, except as provided in that topic, the lender''s
      right to sell or assign is not subject to any other party''s interest or to
      an agreement with any other party. All electronic signatures associated with
      the eMortgage are authenticated and authorized. The lender has established procedures
      and controls limiting access to the lender''s eMortgage delivery platform and
      the MERS eRegistry to duly authorized individuals, and Fannie Mae is entitled
      to rely on any transmission, transfer or other communication via these systems
      to be the authorized act of the lender. Any transfers of Control of the eNote
      are authenticated and authorized. The Authoritative Copy (a single, unique,
      identiﬁable, and generally unalterable copy) of the eNote has not been altered
      since it was electronically signed by its issuers. There has been, at all times,
      one and only one Authoritative Copy of the eNote in existence, and all copies
      other than the Authoritative Copy are readily identiﬁable as non-authoritative
      copies. The eNote is not subject to a defense, claim of ownership or security
      interest, or claim in recoupment of any party that can be asserted against the
      lender. Published May 6, 2026 920 eMortgage Eligibility Most conventional loans
      can be sold to Fannie Mae as eMortgages. This includes fully amortizing ﬁxed-rate
      and adjustable-rate loans. However, the following are not currently permitted
      to be sold as eMortgages: loans for properties in Puerto Rico, HomeStyle Renovation
      loans, New York CEMA loans, single-close construction-to-permanent loans, co-op
      share loans, and Texas Section 50(a)(6) loans. The following transactions are
      eligible for sale as an eMortgage, but require supplemental documents for certiﬁcation.
      The supplemental document must be eDelivered to Fannie Mae''s eVault along with
      the eNote. notes executed with a power of attorney, RD-Guaranteed Section 502
      loans, loans with a principal curtailment prior to purchase, and loans with
      temporary buydowns. Loans with supplemental documents (required for certiﬁcation)
      other than those listed above are not eligible for sale to Fannie Mae as an
      eMortgage, Other than the above eligibility restrictions, all other standard
      Fannie Mae underwriting and eligibility requirements apply to eMortgages. eMortgage
      Electronic Signatures By selling an eMortgage to Fannie Mae, the lender represents
      and warrants that the type of electronic signature that is used by the borrower
      to sign the eNote and any other electronic record associated with the transaction
      is legal and enforceable under applicable law and the electronic signature was
      not eﬀected by means of audio or video recording. The systems and processes
      employed in the execution of an electronic signature must comply with the requirements
      of the Selling Guide, including clearly identifying the electronic record being
      signed, clearly displaying the borrower''s name and requiring the borrower to
      take action to initiate the electronic signature. A single electronic signature
      cannot be applied to multiple electronic records simultaneously. Delivery of
      eMortgages to Fannie Mae For complete requirements for transfer of control,
      certiﬁcation and custody, and selling of eMortgages, refer to C1-2-04, Delivering
      eMortgages to Fannie Mae. Sale of Third-Party Originated eNotes Published May
      6, 2026 921 Lenders selling eMortgages to Fannie Mae that were originated by
      a third-party broker or lender are responsible for establishing guidelines and
      procedures to ensure that the loans are created and maintained in accordance
      with the requirements of this Guide. Such guidelines and procedures must be
      furnished to Fannie Mae upon request and may be a requirement for eMortgage
      approval. Servicing For complete requirements for servicing eMortgages, refer
      to Fannie Mae''s Servicing Guide. Recent Related Announcements The table below
      provides references to recently issued Announcements that are related to this
      topic. Announcements Issue Date Announcement SEL-2025-09 November 05, 2025 Announcement
      SEL-2023-11 December 13, 2023'
  judgment: false
