Mortgage document preparation vendor International Document Services and tech provider Pavaso entered into a partnership to create a completely digital process from document issuance through closing.
The two firms will develop an integration between Pavaso’s Digital Close electronic closing platform and IDS’s flagship doc prep system idsDoc.
“TRID is forcing lenders to reimagine their operations workflow in order to accommodate the disclosure’s required timelines,” said Mark Mackey, CEO of IDS. “Utilizing a digital environment to manage both the doc prep and the closing pieces of the mortgage transaction sets lenders up for even greater success in implementing TRID by Aug. 1.”
“This strategic move will expand our reach to lenders, and we look forward to expanding eClosing capabilities for IDS customers. It’s right in line with our commitment to efficient digital closings that transform the consumer’s experience, and give businesses a boost beyond TRID, Nancy Pratt, vice president of Operations and eStrategy at Pavaso.”