TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1044437
TH E M R EP O RT | 43 SPECIAL FEATURE Factom, Inc. is a blockchain innovations company. Established in 2014, the founders recognized bitcoin's limitations to be a practical blockchain for Enterprise data solutions. In response to these challenges, they built the Factom blockchain as open source, reaching full decentralization in May 2018. They continue to support its advancement and adoption as an active contributor and community member. Factom provides a Blockchain-as-a-Service platform for data provenance and integrity solutions built on the Factom blockchain. They help customers and partners build business- ready applications that preserve evidence, demonstrate compliance, increase process transparency, streamline reviews and audits, reduce cost, and automate transactions. STAFFING STATS » Year established: 2014 » Number of employees: 40 » Primary locations outside of HQ: Argentina; Poland; Houston, Texas PERKS AND BENEFITS » Unlimited PTO » Telecommuting » Stock options PRAISE CORNER » HousingWire Tech100 winner, 2018 » Austin Inno's Coolest Companies, 2018 » Austin Chamber of Commerce's A-List of the Hottest Startups 2017 EMPLOYEE SHOUT-OUT Factom recognizes its employees' excellence and achievements with milestone acknowledgement. ROOM FOR GROWTH Factom, Inc. promotes the advancement of employees through lunch and learns, goal-setting strategies, encouraging outside training and education opportunities, encouraging role expansion, and always opening opportunities for advancement first to those already within the organization. YEAR AHEAD In 2019, Factom will further grow internal development, project management, support, and sales teams. They intend to build additional developer-facing resources, tools, and enterprise APIs. Additionally, they plan to innovate in ways that continue to place the Factom network and protocol apart as one of the fastest, easiest, and most cost- effective blockchain protocols to work with for developers and enterprise businesses. Based in Plano, Texas, Pavaso created the mortgage industry's first and only digital solution that allows the execution of a complete digital close. The Pavaso Platform is comprised of a complete suite of products, including tools such as Digital Close Enterprise, eSign, the new Remote Online Notary tool, and more. Pavaso's platform allows full collaboration between title, lenders, real estate agents, and consumers throughout the entire closing process. STAFFING STATS » Year established: 2011 (became Pavaso, Inc. in March 2014) » Number of employees: 84 BENEFITS AND PERKS » Medical, dental, 401k, vision, and employee assistance plans » Generous amount of time off with pay » Tuition reimbursement PRAISE CORNER » Company awards: » The 2015 Credit Union Journal's Best practices Award with Mountain America Credit Union » The 2016 HW Tech100 » Awards won by our VP of Partner Relations and Government Affairs: » 2015 MReport Leading Ladies Honoree » 2016 Mortgage Professional America Elite Women » 2018 HW Women of Influence ROOM FOR GROWTH Pavaso has recently grown to its current size, which has led the company to intently focus on developing a career path. Management has implemented team huddles, weekly release training/overview, and have lunch and learns. In 2019, Pavaso plans to expand on these, as well as provide additional educational opportunities. WORD OF MOUTH "Pavasohashelpedmeevolveandgrowas anemployeeandanindividual.Pavasohas taughtmetogooutofmycomfortzone, voicemyopinion,andlearntoworkwith differentpersonalitiesthatcreateanamazing team.Havingtowearseveralhatsand performnumeroustasks,I'vebeenmotivated tobepartofthechangeinternallyand externally.AfterthreeyearsatPavaso,it's refreshingtoseeandbeapartofthechange currentlybeingrealizedinthemortgage industry." —Niki Boumpali, Senior Visual Communications Designer Percent of employees who are women: 26% Percent of employees who are women: 52% HEADQUARTERS: AUSTIN, TX » 408.462.1562 » FACTOM.COM PAUL SNOW, CEO; LAURIE PYLE, COO; JAY SMITH, CMO HEADQUARTERS: PLANO, TX » 866.288.7051 » PAVASO.COM MARK MCELROY, CEO; CHERYL BAILLIS, EVP OPERATIONS; DAN MCGREW, SVP SALES Factom, Inc. Pavaso, Inc. T E C H P R O V I D E R S T E C H P R O V I D E R S Percent of employees who are minorities: 19% Percent of employees who are minorities: 61%