Senior executives of Pavaso, a Texas-based firm, recently discussed how their firm is preparing to help mortgage companies meet new regulatory reform requirements. Watch Pavaso’s segment airing on Bloomberg Television (as pd. prog) on October 5, 2014. Check your local listings for airtimes.
Mark McElroy, President and CEO of Pavaso, notes that, “In August 2015 mortgage companies will have significant new compliance requirements. Pavaso is preparing the foundation for that compliance and providing a comprehensive gateway solution.”
Pavaso presents an innovative approach to the mortgage process, particularly by recording the actions of all parties involved with the transaction. In capturing the who, what, why and how of each mortgage transaction, the compliance burden on lenders is offset, while also introducing the benefit of allowing all details to be accessible to the secondary markets.
McElroy describes his company’s platform as comprehensive, stating, “Our digital closing solution is far more than an e-closing, providing a full record from the original contract to the final closing signatures. This includes embedding educational videos, real-time communications, and electronic delivery of all documents.”
In closing, McElroy also points out, “For the first time in the industry, lenders will have the opportunity to capture additional profits by cross-selling and up-selling various additional financial products related to new homeowners.”
Vice President of Programming for 21st Century Television, JL Haber, commented, “Pavaso is an excellent example of the companies offering cutting-edge solutions our viewers wish to know about. This is a timely discussion of a company seeking to set the industry standard for mortgage compliance.” To learn more about Pavaso tune in to Bloomberg Television (as pd.prog) on October 5, 2014. Check your local listings for airtimes.
About 21st Century Television
21st Century Television is an award winning business and health program that is independently produced by MMP (USA), Inc. The show provides its viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. With more than 5,000 companies participating on over 500 shows, 21st Century Television continues to be the premier and targeted outlet for the latest business and health stories. 21st Century Television airs on cable networks to over 100 million potential television households.
About Pavaso
Pavaso is an innovative technology company in the Real Estate Closing industry. We've created a powerful digital closing platform that takes the best of the web's collaboration and social features, integrations, analytics and enterprise scalability to bring everyone in the closing process together on the same page.
Visit www.pavaso.com or call 214.377.1795 to find out how we can help you go beyond TILA-RESPA compliance by digitally transforming your organization and the consumer experience.