ValuAmerica Partners with Pavaso to Upgrade Closings with Hybrid Digital Mortgages
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.
SOURCE ValuAmerica
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