Building upon the residential mortgage eNotes collateral menu, FHLB Des Moines is ready to work with members to accept Digital Notes as collateral beginning April 2026, for select loan types.
Members active or interested in a modern way to execute, manage and store their loan documentation without delays, risks and costs of paper, can now boost their business and their FHLB Des Moines borrowing capacity through the power of digital lending.
Evolve your Digital Lending opportunities with FHLB Des Moines to bring enhanced borrower satisfaction, accelerated workflows and streamlined processes to your institution.
Below we've provided information to prepare members for pledging eNotes and Digital Notes.
Value of Implementing Digital Lending Technologies
Faster funding
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Reduced shipping and storage fees
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Fewer errors
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Improved audit trail
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Borrower can review loan documents prior to closing
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Faster and easier signing process
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What is an eNote vs a Digital Note?
|
eNOTE |
Digital Note |
| Definition |
A promissory note executed and signed electronically and stored in an eVault. |
A debt obligation evidenced by Electronic Records and executed using Electronic Signatures and stored with a Digital Custodian serving as a Securities Intermediary |
| Governing Law |
UCC Article 9 Transferable Records |
UCC Article 8 Financial Assets |
| Storage |
eVault and MERS eRegistry |
Securities Account with a Securities Intermediary or Digital Custodian |
| What it is NOT |
A scanned image of a wet-ink signature. |
A scanned image of a wet-ink signature. |
eNote Collateral Types Accepted
| Collateral Type |
Wet-Ink Notes |
eNotes |
| 1-4 Family Residential First Mortgage Loan |
1101 |
3101 |
| 1-4 Family Residential First Mortgage Loan – Nontraditional Loan |
1102 |
3102 |
| 1-4 Family Residential First Mortgage Loan – Subprime Loan |
1103 |
3103 |
| Government Insured – VA Home Loan |
1203 |
3203 |
| Government Insured – FHA Home Loan |
1205 |
3205 |
| 1-4 Family Residential Home Equity Mortgage Loan |
1414 |
3414 |
NEW! Digital Note Collateral Types Accepted
| Collateral Type |
Wet-Ink Notes |
Digital Notes |
| Home Equity Lines of Credit - First Lien |
1423 |
3423 |
| Home Equity Lines of Credit - Second Lien |
1424 |
3424 |
| Multi-Family Real Estate First Mortgage Loan |
1109 |
3109 |
| Multi-Family Real Estate First Mortgage Loan - Interest Only |
1110 |
3110 |
| Multi-Family Real Estate Second Mortgage Loan |
1401 |
3401 |
| Multi-Family Real Estate First Mortgage Lines of Credit |
1441 |
3441 |
| Multi-Family Real Estate Second Mortgage Lines of Credit |
1442 |
3442 |
| Commercial Real Estate First Mortgage Loan |
1402 |
3402 |
| Commercial Real Estate Second Mortgage Loan |
1404 |
3404 |
| Commercial Real Estate First Mortgage Loan - Interest Only |
1410 |
3410 |
| Commercial Real Estate First Mortgage Lines of Credit |
1443 |
3443 |
| Commercial Real Estate Second Mortgage Line of Credit |
1444 |
3444 |
| Agricultural Real Estate First Mortgage Loan |
1407 |
3407 |
Are you ready to take the next step?
We’re here to walk you through set-up and answer any questions you might have.
eNotes
VIEW ENOTES READINESS CHECKLIST
Digital Notes
VIEW DIGITAL NOTES READINESS CHECKLIST
CONTACT US TODAY!