Deutsche Bank’s US Document Custody eVault provides for the safekeeping and transferring of eNotes to and from eVaults over their life cycle. The Bank’s platform caters to agency and non-agency mortgage originators, lenders and securitisers, as well as asset-backed securities (ABS) that include auto and solar clients

Market leadership

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

Our role in expanding eNotes

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.

Speed to market and cost efficiency

  • 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.

An economic alternative for managing non-mortgage eNotes

  • 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.

Your advantage

Market leadership: The Deutsche Bank eVault platform demonstrates the Bank’s commitment to innovation and investment in the document custody business.

Technology: eVault is built to scale so additional volumes can be brought to the platform in a simple and efficient manner.

Expertise: The Trust and Agency Services leadership team has over 20 years of document custody experience with a strong history of making clients’ needs our main priority.

Strategic partners: We partner with commercial banks and lenders in addition to government-sponsored entities.

1 DB internal records (as of August 2023) | Mortgage Electronic Registration Systems (“MERS”) publicly disclosed records
2 Government National Mortgage Association (GNMA)

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