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"e Pavaso platform will help MBH
give the lenders and Realtors we work with a
competitive advantage with faster, more con-
venient, and more secure closings," said Fred
Westerlund, CEO of MBH. "Our relation-
ship with Pavaso is just the latest example of
how MBH is utilizing technology to provide
superior service to all of our clients across all of
our markets."
Pavaso's technology digitizes the process so
that lenders can now provide a more complete
loan package and reduce errors by eliminating
undersigning and oversigning of the clos-
ing documents leading to lower loan costs.
Consumers have a transparent and convenient
closing process because they (or their Real-
tors or loan officers) have access to the closing
documents anywhere, on any device, prior
to closing. Pavaso's Digital Close platform is
capable of producing hybrid closings (part ink,
part digital), as well as complete eNote and
eVault transactions.
"Lenders and consumers alike are begin-
ning to expect their service providers to offer
a digital process, and not just in name," said
Mark McElroy, CEO, Pavaso. "Convenience;
efficiency; ease of use … consumers now
expect these things at closing. e traditional
closing experience is no longer defensible.
MBH joins Pavaso in the belief that there is
no legitimate reason every borrower, loan of-
ficer, and Realtor cannot have a digital closing
experience—even in regions where the law
inhibits a totally paperless process. With a
hybrid closing option, virtually every mortgage
loan closing can now be (at the very least)
mostly digital. More consumers are begin-
ning to understand this. And more lenders are
beginning to demand it."
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Just 13.9 percent
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50 metros in the
nation, according
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