Mortgage

Pavaso offering quicker transition to e-closing solution

Provides lenders with “painless path” to TILA-RESPA compliance

Tech provider Pavaso announced a new solution that promises to help business implement digital closing and ensure compliance for the coming TILA-RESPA regulations.

Pavaso said in a release that its “Fast Track” program provides a “quick, low-impact implementation” of its Digital Close solution in two weeks.

Pavaso said that it developed this implementation program to help lenders and title companies tackle the larger issue of TRID that is still “largely overlooked” in the industry – the consumer’s experience.

“Over the last few months, the acceptance and implementation of Pavaso's solution has accelerated dramatically, but we felt everyone needed to get there even faster,” said Pavaso President and CEO Mark McElroy.

“We developed Fast Track to get them there quickly with the lowest amount of impact possible,” McElroy continued. “The industry needs leaders to solve this complex issue, and Pavaso wants to be that leader. We are now providing the pathway to achieve closings in less time for less money, fully tracked and audited, with inclusion of all the stakeholders, and specific business process improvement all in one step.”

This new accelerated program eliminates large capital investment and lengthy implementation times, Pavaso said.

“With no hardware requirements, and no long and expensive training or rollouts, this plan was designed to fit perfectly with businesses current plans, regardless of what they are, and establish the future today,” the company said.

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