Pavaso Inc., recently announced the completion of its end-to-end digital process for the mortgage and real estate industry and its sales contract negotiation tool for real estate agents.
The company allows clients to connect with lenders and settlement agents in all stages of the mortgage process through their new technology.
“Real estate agent feedback has been critical to the development process for the Pavaso sales negotiation contract tool and has allowed us to refine its functionality,” said Mark McElroy, CEO of Pavaso. “Now that we are confident the tool will help agents to competitively differentiate themselves in the real estate finance transaction, we’re making it available to every market across the U.S.”
Pavaso works with lenders, settlement agents, real estate agents, consumers, attorneys, service provides, and investors in all stages of real estate. Pavaso notes that such collaboration is particularly important now the TILA-RESPA Integrated Disclosure (TRID) law has gone into effect.
“A digitally collaborative platform like Pavaso solves challenges the industry is facing with the recent go-live of TRID,” said Nancy Pratt, VP of Operations and eStrategy at Pavaso. “By utilizing the digital delivery and tracking capability, businesses can comply with the three-day rule for the Loan Estimate and Closing Disclosure form, and even the entire closing package.”
McElroy also stated that "by offering a means for collaboration, improved consumer experience, closing process control and enabling businesses to align with the CFPB’s mission and values, Pavaso’s solutions evolve the home buying process from end to end."
“There are several options for businesses to join Pavaso. Small businesses or branches have the ability to start using the platform in just weeks, and Pavaso also provides a comprehensive strategy for anyone looking to overhaul the way they do business so they can meet consumer demands in a tech-driven market," he said. "This isn’t just about TRID’s go-live. It’s about providing the industry with a clear path to evolving and catching up with consumer technology.”