Another online solution for mortgage lenders could be here at a time where eClosing capabilities are highly sought. A partnership between Evolve Mortgage Services and Pavaso has yielded what the companies are calling a "true end-to-end digital mortgage experience." This includes a library consisting of electronic-enabled documents and support for remote online notarization.
"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, according to a press release. "Fortunately, the long-standing relationship between Evolve Mortgage Services - with its doc engine SigniaDocuments - and Pavaso delivers the answer the industry seeks."
This technology can be used by mortgage lenders and title agents or outsourced to a signing agency. With a large majority of lenders and mortgage professionals working from home, this technology would allow the execution of all mortgage loan documents remotely.
"State-certified eNotaries can remotely acknowledge consumers' signatures via Pavaso's RON, and lenders can securely and confidently close their mortgage loans," according to the release.
To learn more about Evolve Mortgage Services and Pavaso's eClosing technology, click here.