ValuAmerica, a national provider of appraisal, title, closing and settlement services, announced a partnership with Pavaso, Inc. a provider of digital closing solutions for the mortgage industry, to implement Digital CloseSM. The partnership will allow customers of both companies to implement digital closings into their workflow to perform hybrid eClosings.
According to Pavaso, the Digital Close technology also provides built-in eSign and eNotarization capabilities, which allows borrowers to sign and notaries to verify and stamp documents digitally.
The digital closing platform will accommodate paper, hybrid and fully digital closings, and will also facilitate online communication and collaboration between the real estate agent, lender, title/settlement agent, and borrower during the closing process, Digital Close will also streamline the closing process by providing a central digital location to receive and deliver documents.
Shawn P. Murphy, EVP of ValuAmerica, said, “Our main goal in adopting Digital CloseSM was to enhance the experience, accuracy and consistency of each of our closings. This technology provides us with comprehensive process management and standardization throughout the entire transaction, even when documents need to be wet-signed at closing.”