BNY Mellon Corporate Trust has launched an eVault service that will allow it to receive, process, and store electronic mortgage documents for its clients, the firm announced today.

The service will allow BNY Mellon to provide certification, safekeeping, and status reporting for electronically created and signed mortgage documents, boosting efficiency and creating transparency by making it easier for participants to see data and exchange information. It will also allow faster delivery to the secondary market, as the need for couriers and manual entry will be eliminated, according to the firm.

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