If a bank issues a mortgage loan, a lending institution can issue a security - a mortgage - which certifies the bank's right to the collateral during the loan repayment period by the borrower. This security can be issued on paper or electronically.

It is a security issued in electronic form (uncertified), which grants a banking institution the right to receive fulfillment for those monetary obligations that are secured by a mortgage, as well as the right to pledge over property encumbered with a mortgage. An electronic mortgage is registered simultaneously with the mortgage agreement.

An electronic mortgage, also known as e-mortgage, is a form of home mortgage that can be completed entirely online and sent to your lender electronically. It decreases the time and paperwork involved in the process.

An electronic mortgage is a new way for many home buyers to obtain a mortgage. This type of mortgage eliminates the need for the traditional paperwork and use of an escrow account. It is more convenient and can typically be obtained faster than a traditional mortgage.