Although Fannie Mae and Freddie Mac are not directly involved with the Consumer Financial Protection Bureau’s eClosing pilot project, Federal Housing Finance Agency Director Mel Watt said that the GSEs have been writing loans or purchasing e-mortgages from approved lenders. “We have found that if we’re going to be a part of the new normal and participate in it as Fannie and Freddie, we’ve got to figure out a way to get to the millenials,” he said, adding that they don’t communicate in the same way as previous generations. “So movement in this direction is critically important. And if we can use this process to get more engagement by millenials in the process, I think it would be advantageous to us.”