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Pavaso partners with Intercap Lending, Elevated Title, Signature Closers to deliver collaborative eClosing with eNotarization
press release, Pavaso
   

Pavaso has partnered with Utah-based mortgage lender Intercap Lending, Salt Lake City-based Elevated Title and Columbus, Ohio-based Signature Closers to deliver an eClosing experience during which the lender, title company and notary provider all collaborate within the Pavaso portal to complete the closing. Pavaso, a leading mortgage technology provider, is the developer of the industry’s only truly collaborative end-to-end digital closing platform.

On March 26, 2018, Intercap Lending used the Pavaso platform to electronically close its first loan with national title company Elevated Title and Signature Closers, a technology enabled notary and closing firm that partners with agencies nationwide. The partnership represents a true collaboration between lender, title company and closer using a single technology as its platform.

40 years ago Intercap Lending started in the mortgage industry. Their commitment to adapt and evolve to consumer demands allows them to continually add value to their customers. By shortening the process and collaborating with all parties to streamline the process, they deliver a better experience to their customers.

Pavaso’s powerful built-in eNotarization capabilities allows borrowers to sign and notaries to verify and stamp documents digitally, executing the closing package more efficiently and securely. Pavaso’s Digital Close platform is scalable from hybrid closings (part ink, part digital) all the way to a full eNote and eVault capabilities. All parties to the transaction can execute a seamless eClosing process that provides transparency and education, supporting fairness to the borrower throughout the transaction. Pavaso’s user friendly technology and collaborative approach changes the way the industry is conducting closings today.

"Adapting to a rapidly evolving market has always been an important part of Intercap Lending's ethos," said Josh Romney, chairman and owner of Intercap Lending. "Our biggest asset is the trust and loyalty of our customers. Incorporating new technologies, such as eClosing, that help our customers have a better experience with our platform helps us continue to provide a level of service to our customers that surpasses that of our competitors."

"So often the national lender doesn't think about the client's closing experience. They don't realize that the last thing the borrower remembers is the closing process," said Sally Farrar, Elevated Title's CEO. "The lender can offer a streamlined, cutting-edge, online loan experience, but then, they turn their borrower over to a traditional title company that requires a borrower to go to an office or, sign with a notary, hundreds of documents. This can ruin the borrower's entire loan experience."

“Today’s consumer demands transparency and efficiency to enable a smooth closing experience,” said Dan McGrew, COO, Pavaso. “Intercap Lending, Elevated Title and Signature Closers have proven themselves leaders in the industry when it comes to using the best technology for the benefit of the consumer. In partnering with Pavaso, these companies have signaled the industry that the digital closing is no longer a “nice-to-have,” but rather, an essential ingredient in the consumer experience.”

"It's extremely fulfilling to take part in the eClosing transformation in our industry working with partners like Elevated Title, Intercap Lending, and Pavaso,” said Mark Fleming, Jr., President Signature Closers, LLC. “The high level of communication and trust developed between our companies creates a simple, efficient process for signers across the country and allows us to continue to stay true to our mission of serving others in a responsive, first class way."

 

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 Intercap Lending

With integrity and intelligence, Intercap Lending has distinguished itself as a careful but effective lender, loan service and securitization specialist. Intercap has served the residential lending needs of communities across the country. Intercap Lending's mission is to provide affordable homeownership opportunities while earning the trust of employees, borrowers, realtors, builders and affinity partners. Intercap Lending, with offices in Aliso Viejo, California, Albuquerque, New Mexico, and throughout the greater Salt Lake City, Utah area and is a direct Fannie Mae, Freddie Mac and Ginnie Mae seller, servicer and issuer. For more information, visit www.intercaplending.com.

About Elevated Title

National industry leader Elevated Title, licensed in 48 states, offers a centralized, streamlined process, which has been disrupting the title industry since 2002. Elevated chose to make a radical departure from the traditional title company model, with a vision of partnering with national, tech savvy lenders. Providing one processing, closing, funding and final docs team to cover all states. Through efficiency, technology and streamlined in house processes, Elevated Title has positioned themselves to easily adapt to the technological needs of national lenders, while providing an excellent personalized closing experience for the borrower - Close Happy®. If you would like your borrowers to Close Happy® call us at (801) 898-8182 or visit www.elevatedtitle.com.

About Signature Closers

Signature Closers was founded in Columbus, Ohio in 2006 and provides title companies and lenders in residential and commercial real estate markets with secure closing transaction support. To date, the Signature Closers Network of signing agents has completed over 300,000 real estate closings across the country. Through a national network of vetted signing agents and integrations with partners such as Adeptive's ResWare(tm), Signature Closers provides a closing management platform, delivery and tracking of closing documents, post-closing management, tax reporting, and vendor payment oversight among other services. The company soon plans to offer a platform called Signature Sync to companies that are interested in having an automated, compliant system to manage their own real estate closings with back-end support services for paying vendors, tax reporting, and much more.



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