The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

FintechSponsored Content

Pavaso delivers a more holistic approach to eClosings

The platform provides four different closing options to customers

When Pavaso was founded in 2011, the mortgage industry was just beginning to shift toward a more streamlined, automated and digital process. As one of the first creators of an eClosing platform, Pavaso has been focused on the future of closings and delivering a more holistic approach that unites all parties involved in the closing process in one secure portal.

“We are proud to be an industry innovator, guiding the adoption of eClosings, along with continuing to educate the industry to embrace technology to satisfy customer expectations in the digital age,” said Pavaso’s SVP of Business Development Tim Anderson.

Pavaso’s eClosing platform includes Digital Close Enterprise for business purposes and Digital Close for consumers. In-person eNotary and remote online notary tools, along with the capability to eSign an eNote and securely eDeliver it to the selected eVault provider, are available within Digital Close Enterprise.

The eClosing solution connects all permissible parties to review and digitally or wet-sign documents; exchange information; and communicate and collaborate in real time. Additionally, both homebuyers and sellers have access to lender- and/ or title- provided educational materials and resources that can be linked directly into corresponding documents – all for a superior customer experience.

The platform is designed to enhance and expand existing relationships and processes for lenders and title companies – not replace them. If existing relationships are not ready to transition to eClosings, users have the option to connect with businesses already utilizing the platform.

“Every member of Pavaso’s client-centric team, from account management, implementation, training and support, is available and ready to help every step of the way to ensure a successful transition from a paper closing to an eClosing process,” said Jay Hollis, vice president of product strategy at Pavaso.

Pavaso’s eClosing platform offers the flexibility to provide four different closing options to customers, including remote online notarization, fully digital, hybrid and traditional. It also allows users to complete post-close activities quicker by reducing errors at closing and delivering the final closing package digitally faster, after completion of the eClosing. Additionally, when an eNote is included in the transaction and transferred to an eVault from Pavaso, a watermarked copy is available to permissible parties on the platform.

Through the platform…

Homebuyers and sellers can:

  • Review and indicate their intent to sign the documents ahead of the closing
  • Stay connected and informed throughout the closing process through communication features on the secure platform
  • Complete a closing in as little as 15 minutes

Lenders and title companies:

  • Provide a superior customer experience and service
  • Deliver a competitive market differentiator
  • Improve data integrity and loan quality
  • Reduce time, cost and errors at closing

“Pavaso’s platform empowers lenders, title companies and real estate attorneys with tools to deliver fully digital and hybrid eClosings through one secure platform — streamlining the entire closing process,” Anderson said.

THE EXECUTIVES

PavasoTim Anderson, SVP of Business Development 

Tim Anderson is responsible for developing products, strategies and relationships that drive adoption of Pavaso. He brings over 25 years of industry experience on both the lending and vendor sides of the business. Anderson is known for promoting strategic applications and trends in technology, including ESIGN and MISMO category one SMARTDocs.

Jay Hollis, VP of Product Strategy Pavaso

Jay Hollis was promoted to director of product management and helped to design the Pavaso platform, Digital Close and Signing Table applications from the beginning. Hollis focuses on designing new products and enhancements to Pavaso’s solutions. He also works with the development and marketing teams to ensure that all solutions meet defined requirements and provide a quality user experience.

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please