TheMReport — News and strategies for the evolving mortgage marketplace.
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38 | TH E M R EP O RT SPECIAL ADVERTISING SECTION: TITLE & ESCROW GUIDE KEY PERSONNEL Mark McElroy President & CEO Dan McGrew COO Nancy G. Pratt VP, Partner Relations and Government Affairs Jay Hollis VP, Product Strategy Matt Corcoran VP, Operations STAFFING 53 company employees CONTACT INFORMATION 2901 N. Dallas Pkwy. Suite 400, Plano, TX 75093 Phone: 866.288.7051 Email: Sales@Pavaso.com Web: Pavaso.com CORPORATE PROFILE Pavaso is unlike any other technology company, it creates technology that is not only easy-to-use, but provides the consumer with a one-of-a kind closing experience. Pavaso's innovative mortgage closing technology is changing the landscape of the mortgage industry with powerful functionality, capabilities, and user experience. Since its inception in 2014, Pavaso has focused on improving the process and technology associated with mortgage closings, all while ensuring that consumers have a better, more informed experience. The result is Pavaso's 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 homeownership. The first pilot for Pavaso was conducted in October 2011, involving six title companies submitting orders through RamQuest's Closing Market software. This 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 a revolutionary platform to improve communication, efficiency, and process management. This solution, referred to as Digital Close, has been battle-tested for years, closing thousands of transactions successfully and providing benefits to businesses nationwide. BUSINESS LINES, SERVICES, AND PRODUCTS Pavaso's Digital Close empowers title companies and lenders to deliver the speed and ease of a modern digital transaction, without neglecting the human touch. Today's consumers demand simplicity and convenience; Pavaso's technology is bridging the gap between the archaic paper process and the digital world. The company's technology is both flexible and "future-proof", enabling users to conduct digital transactions ranging from hybrid closings to complete eNotes. COMPETITIVE ADVANTAGE Pavaso's Digital Close is the only solution that facilitates real-time communication and collaboration easily between everyone. Pavaso's solution brings all parties (lender, title, real estate agent, consumer, and investor) together into one collaborative portal. The flexible platform is accessible from anywhere, any time, on any device, allowing consumers the ability to review all their documents at their convenience, on their schedule, prior to closing. • Clients stand out from competitors to consumers, lenders, and real estate agents • Focus is on the consumer's experience by putting them at the center of the transaction • Simplify, standardize, and expedite the closing process for everyone • No more fragmented systems; one seamless, integrated portal for lender and title • Results: A better, more convenient, more efficient, digital process for all parties ADDED VALUE TO CLIENTS The ability to provide outstanding customer service is key to remaining competitive. Pavaso's world-class consumer experience allows clients to gain a massive competitive advantage. With Pavaso's Digital Close, clients can meet the demands of today's consumers for an easier, more convenient closing process. Title Companies and Loan Officers can now provide homebuyers across the country with the ability to trade in the traditional stack of paperwork for a fast, convenient, digital process. The company 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 SUCCESS Pavaso is obsessive about its commitment to improving the technology used in the mortgage closing process. This dedication and focus on providing a better experience for the consumer, while ensuring customers receive tangible benefits, is at the forefront of Pavaso's success. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES Pavaso has been recognized for a variety of awards & 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, facilitating over 550 eClosings in the basic and advanced categories and completing the first ever eClosing in the state of North Carolina. TESTIMONIAL "As a national title and settlement services provider, our company is always looking for ways to leverage technology and revolutionize processes that not only deliver greater value to our customers but can be implemented nationwide. Teaming up with Pavaso has accomplished just this and can give our lenders a competitive edge by making it fast and easy to get into the eClose space on a national scale." —James Weld, President, Premium Title – An Altisource Business Unit Pavaso, Inc.