PITTSBURGH and PLANO,
Texas, March 23, 2017
/PRNewswire/ -- ValuAmerica (www.valuamerica.com), a national
provider of appraisal, title, closing and settlement services,
announced today that they have partnered with Pavaso, Inc.
(www.pavaso.com), a provider of digital closing solutions for the
mortgage industry, to implement Digital CloseSM to
facilitate eClosings. This partnership will allow their customers
to implement digital closings into their workflow to conduct hybrid
eClosings.
In a hybrid eClosing, select documents, such as the Deed and
Note, are printed and "wet-signed," but much of the closing package
is executed electronically. Pavaso's Digital Close also provides
built-in eSign and eNotarization capabilities, allowing borrowers
to sign and notaries to verify and stamp documents digitally.
Although there are still some traditionally wet-signed documents,
this allows the majority of the closing package to be executed more
efficiently and securely.
The digital closing platform accommodates paper, hybrid and
fully digital closings, and facilitates online communication and
collaboration between the real estate agent, lender,
title/settlement agent and borrower during the entire closing
process. It makes the closing process easier and more efficient by
providing one digital location to deliver and receive any document
with educational overlays.
"Our main goal in adopting Digital CloseSM was to
enhance the experience, accuracy and consistency of each of our
closings," said Shawn P. Murphy,
Executive Vice President of ValuAmerica. "This technology provides
us with comprehensive process management and standardization
throughout the entire transaction, even when documents need to be
wet-signed at closing."
"ValuAmerica and Pavaso make an outstanding partnership," said
Mark McElroy, President and CEO of
Pavaso. "The hybrid closing is the gateway to the fully digital
mortgage, and ValuAmerica is now positioned to take full advantage
of this differentiator."
About Pavaso
Pavaso is redefining real estate for the real world by
connecting everyone in the real estate lifecycle through powerfully
simple innovation. For more information on how our platform and
solutions can help you move beyond TRID challenges, digitally
transform your organization, and dramatically enhance the consumer
experience, call us at 866.288.7051 or visit www.pavaso.com.
About ValuAmerica
ValuAmerica, headquartered in
Pittsburgh, is wholly owned by
Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE:
RDN), and is a provider of real estate information and technology
services to the mortgage and real estate industry. The company
provides a comprehensive suite of appraisal, title, closing, and
settlement services as well as develops technology to help automate
workflow and compliance processes. For more information, visit
www.valuamerica.com.
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SOURCE ValuAmerica