Freddie Mac has certified six companies as meeting its requirements for creating, signing, and storing eNotes, i.e. electronic promissory notes.  The company said it took this step to expedite and streamline the mortgage process by encouraging the use of digital documents.

Four companies have completed Freddie Mac's full approval process, meeting the technical requirements to create, sign and / or store eNotes.  They are Digital Delivery, eSign Systems, Fiserv, and Pavaso.  Two additional companies -- DocMagic and eOriginal -- have provisional approvals as they go through the full review process.

Freddie Mac said it has been actively purchasing eMortgages from sellers and servicers since 2005 and regularly accepts many electronic documents used in initial disclosures and electronic closings, such as loan applications and IRS forms.  Sellers do not need special approvals to use these documents if their procedures conform with those in Freddie Mac's Seller/Servicer Guide.  However, the eNote is unique.