has unveiled a new suite of eClosing tools for mortgage lenders that includes Remote Online Notary and SMART Note capabilities. The Pavaso Platform now provides a one-stop digital closing shop that empowers all parties involved in mortgage transactions to consistently increase efficiency, eliminate errors, improve workflow and create more informed consumers, leading to faster, more efficient closings.
Powered by Pavaso's innovative eClosing platform, Pavaso's full suite of eClosing products enable lenders, title companies, agents and borrowers to electronically eDeliver early disclosures, eSign documents, remotely eNotarize documents, eClose loans, execute full eNotes and deliver closed loan files to an eVault.
"With the launch of the mortgage industry's one-stop eClosing suite, Pavaso continues to prove it is the mortgage industry's single best source for complete and superior digital closings designed to enhance the consumer experience," said Pavaso Chief Executive Officer Mark McElroy. "Our unified and collaborative portal in addition to tools like Remote Online Notary and Pavaso SMART Note will not only help lenders attain the digital transformations they are looking for-they will also help lenders deliver the ultimate customer experience."
The Pavaso Platform includes Remote Online Notarization (RON), Pavaso's newest tool that enables remote closings to be conducted anywhere, on any device, in as little as 15 minutes. With RON, Pavaso commissions qualified, experienced closing agents to remotely notarize documents, helping lenders, title companies and consumers experience a faster and more convenient closing.
"Never have we seen so much excitement over a technology like RON, which satisfies a key requirement for lenders that wish to make a digital transformation," said Pavaso's Vice President of Partner Relations and Government Affairs Nancy Pratt. "RON is already being used in four states that allow remote notarizations. With more states adopting remote notarizations, we expect demand for RON will continue to grow. This year alone, five more states have adopted legislation around this technology."