Weekly Real Estate News
Summary
Mortgage Connect acquired a majority stake in Stavvy on October 6, 2026, and plans to combine Stavvy's eNote and digital collateral technology with its Simply Secure Sign closing platform. Purchase terms and the integration timetable were not disclosed.
Mortgage Connect has acquired a majority interest in digital mortgage technology company Stavvy and plans to combine the business with its Simply Secure Sign eClosing platform, bringing electronic closing and digital collateral functions under the same corporate owner.
The Pittsburgh-based mortgage services company announced the purchase Tuesday, October 6. It did not disclose a purchase price, the size of the ownership interest beyond describing it as a majority stake, or a timetable for completing the operational integration. The purchase was described as completed; the merger of operations remains a plan.
Stavvy brings technology for creating and executing electronic promissory notes, generating SMART Docs, holding digital loan documents in an eVault and registering or transferring eNotes through the MERS eRegistry. Simply Secure Sign supports remote online notarization, in-person electronic notarization, hybrid closings and traditional paper closings. The companies say the combined offering will let lenders select the appropriate closing format and carry the transaction through document execution, notarization, note registration, custody and post-closing processing.
One provider for closing and collateral
The acquisition targets a practical obstacle to broader adoption of electronic mortgage closings: the separate systems and service providers lenders may need for signing, notarization, electronic notes and investor delivery. Each handoff can require its own integration, vendor oversight and compliance review. Mortgage Connect is betting that consolidating those functions will simplify deployment for lenders and servicers.
“By bringing Simply Secure Sign and Stavvy together, we are creating a more complete digital mortgage platform with expanded capabilities across closing, servicing and collateral management,” Mortgage Connect CEO Jeff Coury said in the announcement.
Stavvy CEO Kyle Stephenson emphasized the complementary nature of the businesses. Stavvy supplies digital note and collateral infrastructure, while Mortgage Connect brings closing operations and an established lender network, he said. Stavvy’s leadership team and employees are expected to join Mortgage Connect as the companies combine operations.
The distinction between an electronic signature and a transferable electronic mortgage note is consequential. A lender can digitize portions of a closing without producing an eNote that can be registered, held and transferred through the infrastructure used by mortgage investors. The newly combined offering is intended to cover more of that chain, though the companies have not published implementation details or evidence of realized savings.
Scale creates an opportunity, not an automatic conversion
Mortgage Connect says it currently serves 19 of the nation’s 20 largest lenders and servicers across origination, servicing and default. That figure is the company’s characterization of its customer relationships, not a count of lenders that have adopted Stavvy technology. The announcement does not say how many existing customers will migrate to the combined platform or when those migrations might occur.
For mortgage companies, the commercial question is whether fewer integrations and operational handoffs translate into lower costs, shorter cycle times or more consistent closing experiences. Those benefits remain prospective. Lenders will still need to assess state-specific closing requirements, investor acceptance, title and settlement workflows, technology integration and operational controls.
The companies say the offering is designed for purchase and refinance mortgages, home equity transactions and loss mitigation. It would support fully remote, in-person electronic, hybrid and wet-signature closings rather than assume every loan is eligible for a fully digital process.
Mortgage Connect and Stavvy did not disclose whether the transaction includes earnouts, financing or other conditions. They also did not announce a product migration schedule, pricing changes or a target for reducing operating expenses. Those omissions matter to lenders evaluating whether to change their existing closing systems.
The transaction gives Mortgage Connect ownership of more of the technology needed after a borrower signs, particularly the electronic note and collateral-management functions. The test will be whether it can make those capabilities easier for lenders to use at scale without adding another layer of complexity.
