Michigan-based eTitle Agency, Inc., a national provider of title and settlement services is now able to deliver digital closings with Digital CloseSM through Pavaso, Inc., a provider of digital closing solutions for the mortgage industry.
By partnering with Pavaso, eTitle is now capable of conducting totally digital as well as hybrid eClosings, in which select documents, such as the Deed and Note, are printed and “wet-signed,” but much of the closing package is executed electronically. Wet signed documents are then imported into the Pavaso portal for a complete digital loan package. “Our goal at eTitle is to provide a simple online closing and settlement process for the borrower,” said Mike Telford, SVP for eTitle Agency. “The Pavaso eClosing platform delivers this on all fronts. We are excited about the future of eClosings. We look forward to working with Pavaso and our lender clients to provide the absolute best consumer experience possible.”
Pavaso’s Digital CloseSM not only facilitates an outstanding consumer experience, but also provides a means for lenders and title companies to verify all loans closed on the platform are accurate and compliant. The platform accommodates paper, hybrid or fully digital closings and enables efficient online communication and collaboration between the real estate agent, lender, title/settlement agent and borrower during the entire closing process. With built-in eNotarization capabilities notaries can verify and stamp documents digitally and by digitally delivering all documents for consumers review, the time to close is dramatically reduced. Although there are still some traditionally wet-signed documents, Pavaso Digital Close allows the majority of the closing package to be executed more efficiently and securely.
“The digital closing no longer exists only in theory or hope,” said Mark McElroy, President and CEO of Pavaso. “It’s becoming more and more evident that industry leading lenders and title companies are moving to a digital platform that is a reality - here and now. The hybrid option allows us to overcome any temporary obstacles, and bridges the gap to the totally digital experience. As a result, our industry is finally beginning to meet consumer demand for an easier and more modern closing experience.”
About Pavaso
Texas-based Pavaso is transforming the mortgage process with radically innovative digital mortgage closing technology facilitating fast, consistent, accurate and compliant closings every time. Pavaso offers a single, collaborative, secure portal promoting transparency, efficiency, consumer education and communication in a seamless format delivering value to every stakeholder involved in the transaction. For more information on how you can streamline your process and digitally transform your organization, call us at 866.288.7051 or visit www.pavaso.com.
About eTitle
eTitle specializes in land research, title insurance and settlement for all types of real estate transactions nationwide. As one of the largest and most accurate land title agencies in the U.S., we are underwritten by the three largest national underwriters. eTitle is also certified as women owned and operated by The Women’s Business Enterprise National Council.
At eTitle we’re a modern, real estate closing services provider focused on making your real estate transaction easier, faster and more convenient. Our ability to complete comprehensive land searches and preparation of documents to support land transactions, from simple to complex, is unparalleled. Since its inception in 2000, eTitle has been known for its ability to perform within tight timelines with the highest degree of accuracy.