---
title: Centier Bank Leverages DocMagic’s eVault Technology to Accept and Manage eNotes
description: By implementing DocMagic’s eVault solution, Centier Bank is prepared and ready to receive eNotes from their warehouse clients. The move strategically positions Centier Bank to secure more business as mortgage bankers increasingly adopt eClosing technology.
image: https://blog.docmagic.com/hubfs/300-175%20ratio_eVault-purple.jpg
---

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# Centier Bank Leverages DocMagic’s eVault Technology to Accept and Manage eNotes

[DocMagic](https://blog.docmagic.com/author/docmagic)

05/09/2022

By implementing DocMagic’s eVault solution, Centier Bank is **prepared and ready** to receive eNotes from their warehouse clients. The move strategically positions Centier Bank to secure more business as mortgage bankers increasingly adopt eClosing technology.

Founded in 1895, Centier Bank is Indiana’s largest private family-owned community bank with more than 60 branches statewide. The bank focuses on providing excellent service to customers and offering a one-of-a-kind personal touch. Centier’s mortgage warehouse division serves as a trusted warehouse lender to mortgage bankers nationwide.

Centier implemented DocMagic’s eVault specifically for its mortgage warehouse lending business. The technology enables the bank to accept and fund eNotes from customers closing loans electronically. The key drivers behind this decision were to facilitate the ease of doing business with eNotes and to establish a competitive advantage going forward.

Centier’s leadership believes that in the next 12-18 months, eNote acceptance will gain significant industry adoption among both mortgage bankers and end investors and, as a result, committed to investing in eVault technology. DocMagic is playing a pivotal role in helping transform the bank’s business model.

Utilizing DocMagic’s SmartREGISTRY™ system to register their eNotes with the MERS® eRegistry, they are then securely stored within DocMagic’s eVault platform. Centier’s eWarehouse lending process is now quicker, and easier, clearing warehouse lines expeditiously. With cycle times down reduced to minutes versus days, the overall process to close, fund, and sell the note is effectively fast-tracked.

With increasing acceptance of eNotes, the industry can see more and more aggregators also getting on board with eNotes. When lenders see the trend in the secondary market, it supports their decision to go digital.

Adoption of eNotes has grown significantly over the last couple of years with an increasing number of organizations across the mortgage supply chain realizing benefits. As of April 1, 2022, the MERS® eRegistry reported over 1.6M unique registered eNotes to-date. The industry now boasts 23 different investors that can originate, fund and purchase eNotes. Further, the MERS® eRegistry currently has 30 warehouse lenders successfully funding eNotes. The list of companies now integrated with the MERS® eRegistry continues to grow and includes originators, warehouse lenders, servicing agents, subservicers, investors, Federal Home Loan Banks, and custodians.

DocMagic’s eVault is widely utilized by GSEs, investors, servicers, warehouse lenders, banks and other relevant mortgage entities. The eVault is integrated into DocMagic’s comprehensive eClosing process, offering lenders options from hybrid variations to fully digital eNote and RON eClosings.

DocMagic’s [Total eClose™](https://www.docmagic.com/total-eclose) solution facilitates eNotes, hybrids, and full eClosings. To get started with eNotes or eVault technology, [request a demo](https://info.docmagic.com/demo-request) with our eClosing Team!

**Related Content:**

- [SimpleNexus enables fully digital loan closings with DocMagic’s eVault, eNote tech](https://blog.docmagic.com/simplenexus-fully-digital-loan-closings-docmagic-evault-enote-tech) (9/29/2021)
- [Ask the eClosing Team: Why are eNotes better than paper notes? (and other burning questions)](https://blog.docmagic.com/ask-the-eclosing-team-why-are-enotes-better-than-paper-notes) (8/18/2021)
- [3 reasons why your post-closing department loves eClosings and eNotes](https://blog.docmagic.com/3-reasons-post-closing-department-loves-eclosings-enotes) (6/24/2021)

 

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