Let Valuation Tech Help Improve Your Collateral Valuation

Join this webinar to learn how technological advancements in valuation provide solutions to help lenders and servicers deliver more comprehensive offerings to their clients.

Talking proptech with FinLedger Director Holden Page

In this episode, Page discusses the hottest topics coming across FinLedger’s news desk. Topics include: the online banking market, what’s happening in the proptech space and recent private market deals.

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While the CFPB is reinvigorated under the Biden administration, there’s plenty of room for it to retake a leading role and coordinate with the NYDFS.

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In real estate, data is king. The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences.

FintechMortgage

Pavaso adds remote online notarization feature to eClosing platform

Feature added to meet growing demand for online notarizations

This week, mortgage technology provider Pavaso introduced a new feature to its Digital Close eClosing platform to meet the growing demand for remote notarizations.  

Pavaso’s remote online notarization tool, known as RON, provides complete eNote and eVault transactions and incorporates both lender and title participation. This enables users to conduct mortgage closing sessions remotely, according to the company.

Currently, remote notarization is legal in Texas, Virginia, Montana, and Nevada. Several more states, including Indiana, Minnesota, and Tennessee, have recently passed laws, or are expected to pass laws, introducing remote notarization in 2019.

The company explained that RON differs from other systems because it does not require additional technology, integrations or multiple portals to conduct a complete notarized closing. Instead, customers can use a single electronic portal through the Digital Close Enterprise eClosing platform.

Pavaso Vice President of Partner Relations and Government Affairs Nancy Pratt said she believes that "RON is yet another powerful indicator that times are changing in the mortgage and settlement industries."

"Consumers are demanding more flexibility in choices – it’s no longer just a wish for flexibility in choices —they demand them,” Pratt said. “Pavaso’s unveiling of RON ensures that the consumer will now be able to experience the convenience, transparency and simplicity of a digital closing no matter where that consumer might be situated.”

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