Social Distancing Has Made eClosings And Remote Online Notarizations More Crucial
Evolve Mortgage Service, a provider of outsourced mortgage solutions, and Pavaso, a player in digital mortgage closing technology, announced the ability to deliver a true, end-to-end digital mortgage experience that includes a full library of electronic- or e-enabled documents built entirely of Category One SMARTDocs and an eClosing platform that seamlessly supports Remote Online Notarization (RON).
Pavaso’s RON-compliant solution allows borrowers to be virtually anywhere in the world to electronically sign closing documents,which can be eRecorded in counties where applicable.
“With COVID-19 reshaping how borrowers interact with the mortgage industry, mortgage lenders need to provide borrowers with a low-contact closing experience to limit physical interactions and exposure,” said Paul Anselmo, CEO of Evolve Mortgage Services. “Fortunately, the long-standing relationship between Evolve Mortgage Services–with its doc engine SigniaDocuments– and Pavaso delivers the answer the industry seeks.”
The integrated solution delivers an online, paperless initial eDisclosure and eClosing experience that can be directly implemented by mortgage lenders and title agents. Or, it can be outsourced to an established relationship with a signing agency. The combined solution allows borrowers to electronically execute all of their mortgage loan documents from the safety and comfort of their homes. State-certified eNotaries can remotely acknowledge consumers’ signatures via Pavaso’s RON, and lenders can securely and confidently close their mortgage loans.
“I’m confident that the relationship between Evolve and Pavaso will go a long way towards ensuring timely mortgage closings for the benefit of lenders and borrowers alike,” Anselmo said.
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