In May 2018, Deutsche Bank launched an eVault with both a prominent US warehouse lender and a mortgage originator for two government-sponsored eNote securitisation programs. Since then, the Bank has processed close to 1.4 million eNotes for more than 200 clients. With that volume representing more than 80% of eNotes on a cumulative basis, we are the eCustodian market leader.¹

Deutsche Bank is an approved eCustodian for both the Government National Mortgage Association (GNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), and our eVault is fully agency approved. We maintain a variety of strategic partnerships and, in fact, following the Bank’s inaugural involvement in the GNMA eProgram with its formal rollout in 2022, our engagement is reaching new levels.²

As eNote adoption continues and new requirements arise to address market needs, Deutsche Bank is fully engaged with clients and industry partners to respond. We’re developing the ability to manage eNotes in private residential mortgage-backed securities (RMBS) and repo facility arrangements to safeguard the interests of all stakeholders. In addition, we’re looking to leverage our eVault capability to secure the interests of the respective parties in correspondent programs where many-to-many relationships are involved.

• As custodian, Deutsche Bank centrally houses the eNote and manages chain of custody (transfer of control and location), minimising the need for clients to use multiple eVaults and promoting greater market control and speed to market.
• The Bank can serve as your eVault administrator and host, allowing you to avoid the expense and complexity of vendor procurement, capital spend and maintenance that comes with contracting month-to-month.
• If your servicing unit does not have eVault capability, Deutsche Bank can function as your administrator for life-of-loan events.

• Deutsche Bank can integrate with eClosing platforms using application programming interface (API) connections to be your back-end eVault and custodian.
• The Bank can support one common client eVault — eliminating the need to establish new eVaults — by applying logical partitions from its system of record. This allows for portfolio management with individual deals aligning to specific eNote populations.
• We can also convert non-mortgage, non-authoritative contracts into authoritative ones using our tamper-sealing process.