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Tag Archives: Pavaso

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.

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Mountain America Reaches 500 Digital Closings on Pavaso’s Platform

Mountain America Credit Union’s eClosing capability has reached 500 closings since their first transaction with Pavaso's Digital Close solution on December 31, 2014, according to a recent press release. The Digital Close technology is part of Pavaso’s platform and suite of solutions from the real estate company.

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Pavaso and IDS Team Up to Create Digital Closing Platform

Real estate technology provider Pavaso and International Document Services, Inc. (IDS), mortgage document preparation provider, have announced their mortgage closing platform collaboration in a recent press release. The firms will combine Pavaso’s Digital Close, an electronic closing platform, and IDS’s document preparation system idsDoc.

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Pavaso Introduces New “Fast Track” Program

In an effort to prepare for August 1 TRID changes, Pavaso recently introduced a new program designed to help companies easily transition to digital closings called “Fast Track.” The program is intended to help lenders and title companies provide a better consumer experience for the upcoming law changes. Pavaso reports that the Digital Close solution takes only two weeks to complete.

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eClosing Pilot Partners Unveil Digital Closing Solutions

Months after partnering up as part of the Consumer Financial Protection Bureau's (CFPB) pilot eClosing program, real estate tech firm Pavaso and Utah-based lender Mountain America Credit Union announced that they have successfully pared the mortgage closing process down to a matter of minutes.

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