MReport February 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 33 SPECIAL ADVERTISING SECTION // E-LENDING GUIDE Pavaso, Inc. KEY PERSONNEL Mark McElroy President and CEO Dan McGrew COO Nancy G. Pratt VP, Partner Relations and Government Affairs Jay Hollis VP, Product Strategy Matt Corcoran VP, Operations STAFFING 53 Employees CONTACT INFORMATION 2901 N. Dallas Parkway, Suite 400, Plano, TX 75093 Phone: 866.288.7051 Email: Web: CORPORATE PROFILE Pavaso is a forward-thinking technology company that is transforming the mortgage closing process with radically innovative solutions. Since its inception in 2014, Pavaso's focus has been, and continues to be, on improving the process and technology associated with mortgage closings by delivering consumers a platform that provides them with a better experience. The result is its flagship solution, Digital Close—the industry's most robust digital closing platform available. COMPANY HISTORY Pavaso, Inc. was originally organized to develop and market a consumer portal focused on a homeowner's lifecycle of home ownership. The first pilot for Pavaso was conducted in October 2011 and continued through Q1 of 2012. It ultimately involved six title companies submitting orders through RamQuest's Closing Market software, which generated profiles for all stakeholders and granted access to the status of all closing-related documents. With a groundbreaking solution and a strategic game plan, Pavaso became its own company in the summer of 2014 and created the industry's only end-to-end platform to improve communication, efficiency, and process management. Pavaso was selected to participate in the Consumer Financial Protection Bureau (CFPB) eClosing pilot in late 2014, and facilitated over 550 eClosings within the basic and advanced categories. Today, Pavaso offers a comprehensive solution to every party in the transaction with the experienced solution—Digital Close. GEOGRAPHICAL SCOPE AND COVERAGE AREA Nationwide BUSINESS LINES, SERVICES, AND PRODUCTS Digital Close: Finally, a modern, collaborative platform that includes every stakeholder in a mortgage transaction—lenders, title companies, real estate agents, consumers, and investors. Digital Close allows you to do it all: eDelivery, eClose, eNotarize, eNotes, and eVault. Position yourself at the forefront of innovation, close quicker, wow your consumer, and improve business processes—all in one step. COMPETITIVE ADVANTAGE Pavaso's Digital Close platform is the only platform that facilitates real time communication and collaboration, easily between everyone. Its solution brings together all parties (lender, title, real estate agent, consumer, and investor) into one collaborative portal. The flexible platform is accessible anywhere, anytime from any device, allowing consumers to review all their documents at their convenience, on their schedule, prior to closing. • Focus is on the consumer experience: putting the consumer at the center • Real time collaboration and communication between all parties • Results: A better, more convenient, more efficient, digital process for everyone ADDED VALUE TO CLIENTS Gain a massive competitive advantage. The ability to provide outstanding customer service is key to remaining competitive. With Pavaso's Digital Close, clients can meet the demands of today's consumers for an easier, more convenient closing process. Lenders, title, real estate agents, and loan officers can now provide homebuyers across the country the ability to trade in the traditional stack of paperwork for a fast, digital process. Pavaso enables all parties in the transaction to easily connect and collaborate in an NPI secure platform, deliver consistent closings, and achieve optimal business results. KEYS TO YOUR SUCCESS Pavaso is obsessive about its commitment to improving the technology used in the mortgage closing process when buying a home. Pavaso's dedication and focus on providing a better experience for the consumer, while ensuring its customers receive true business benefits from the Digital Close platform, is at the forefront of the company's success. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES Pavaso has been recognized for a variety of awards and accolades, including a Best Practice Award from Credit Union Journal and being named to HousingWire's Tech 100 list yearly from 2015-2017. Notable industry milestones include participating in the CFPB's eClosing pilot and facilitating over 550 eClosings in the basic and advanced categories, and completing the first ever eClosing in the state of North Carolina. TESTIMONIAL "Digital Federal Credit Union chose to partner with Pavaso because we share a similar vision; being a technology leader and providing the borrower with a better and more efficient mortgage closing process. I can always count on the Pavaso team to be there when I need them!" —Harry Tsianatelis, Mortgage Operations Assistant Manager

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