The challenges—and benefits— of implementing digital closings. Editor’s Note: This feature originally appeared in the November issue of MReport.
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How the Industry Will Get eClosing Wrong
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. We all have read the results from the CFPB eClosing pilot and can all see the tremendous benefits of eClosing. However, many lenders will get it wrong on their first attempt. Mark McElroy, President and CEO of Pavaso, Inc., says that the reason for this is short-sighted approaches based poor assumptions.
Read More »Diverging from the Herd: Why Lenders Must Innovate Before it’s Too Late
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This article features Mark McElroy, president and CEO of Pavaso, Inc., advising lenders to be innovative in their business practices to serve today's consumers.
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