Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

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Pavaso connects all parties of the mortgage process to one central solution

Documents are stored in the Pavaso Platform with anytime access

With digital mortgages poised to transform the entire housing industry, Pavaso has been working for the last several years to advance the mortgage industry forward and to provide all stakeholders in a mortgage transaction everything they need to achieve an efficient, seamless digital closing.

logoPavaso’s groundbreaking technology delivers a collaborative, all-encompassing platform that enhances and streamlines the process for everyone.

The Pavaso Platform is a complete suite of digital mortgage products for lenders, warehouse lenders, title companies, real estate agents, investors, and homebuyers and sellers.

For decades, the mortgage industry has struggled with costly integrations and the unfulfilled promises of digital technologies. This has resulted in a technology gap between what homebuyers and sellers want and what the mortgage industry currently delivers. Pavaso is closing the gap and helping everyone collaborate during the loan process with technology.

Digital Close Enterprise, the Platform’s flagship closing solution, includes the functionality to eDeliver early disclosures, eClose and eNotarize (including Remote Online Notarization). The Platform product suite is completed with PavasoDocs, Pavaso eSign, Pavaso SMART Note, Pavaso eVault and eData. 

“Because the Pavaso Platform is a complete digital solution where all stakeholders work together in one central location, they can securely deliver documents, communicate and collaborate during the closing process. It delivers massive operational efficiencies and eliminates errors all while providing a straightforward, transparent consumer experience. Audit and QA reports improve loan quality, prevent missed signatures, and yield compliant, accurate loan packages, consistently, every time,” said Mark McElroy, Pavaso CEO. 

The platform allows homebuyers and sellers to access their documents from anywhere, at any time and review them prior to closing and get answers to their questions through a robust educational library.

They can also sign all the contracts and document packages online, from anywhere, moving the process along much quicker and more efficiently than the traditional pen-and-paper model.

 “Through automatic status updates and streamlined communication, the closing and document delivery process is extraordinarily more transparent and collaborative for everyone,” said Dan McGrew, COO, Pavaso.

Decrease costs by reducing errors and missed signatures, eliminating courier fees, and avoid printing excessive stacks of documents.

Because closings can now take as little as 15 minutes on the Pavaso platform, loans can be funded and sold on the secondary market much quicker, saving lenders money on warehousing.

The Pavaso Platform is a complete suite enterprise offering that provides every element needed to conduct a paperless closing — leaving the days of working with multiple technology providers in the past.

The platform is scalable with the flexibility to conduct hybrid digital closings, all the way through to eNotes and delivering them to the Pavaso eVault.

“The bottom line is that we wanted to provide a better closing experience for homebuyers and sellers, while providing all the tools needed in one convenient, robust platform that delivers a seamless, efficient process for everyone else involved,” McGrew said. “And the Pavaso Platform does exactly that.”

PRODUCT: The Pavaso Platform 

SNAPSHOT: The Pavaso Platform is a full product suite that includes PavasoDocs, Pavaso eSign, Digital Close Enterprise with Remote Online Notarization, and Pavaso SMART Note, eVault and eData. The platform connects all parties in one location to collaborate, securely exchange data, drive efficiencies, and deliver compliant, fully electronic closings.

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