Pavaso readies for CFPB pilot program with Digital Close

CFPB eClosing pilot gains steam | News | Dodd Frank Update – The consumer financial protection Bureau (CFPB) selected participants for its mortgage eClosing pilot program. The three-month pilot will begin later this year and will explore how the increased use of technology during the mortgage closing process could affect consumer understanding and engagement and save time and money for consumers, lenders and other market participants.

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Pavaso Completes First End-to-End Digital Real Estate Process. – PLANO, Texas, Oct. 12, 2015 (SEND2PRESS NEWSWIRE) — Real estate technology company pavaso today announced the completion of its pioneering end-to-end digital process for the industry with the.

Pavaso Completes First End-to-End Digital Real Estate Process. – PLANO, Texas, Oct. 12, 2015 (SEND2PRESS NEWSWIRE) — Real estate technology company Pavaso today announced the completion of its pioneering end-to-end digital process for the industry with the addition of its sales contract negotiation tool for real estate agents. The tool allows the deal to start digitally and flow through their established process with lenders [.]

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CFPB Picks 12 Companies for Mortgage Closing Study | American. – CFPB Picks 12 Companies for Mortgage Closing Study. The CFPB said the pilot program will address whether consumers would better understand the closing process if they received educational materials like document summaries and definitions of key terms prior to closing.. eLynx, Pavaso and.

Pavaso Archives – Page 2 of 2 – theMReport.com – The firms will combine Pavaso’s Digital Close, an electronic closing platform, and IDS’s document preparation system idsDoc.. (CFPB) pilot eClosing program, real estate tech firm Pavaso and.

New mortgage rules: Like ‘Y2K’ panic – Last-minute preparations had created a feeling of panic leading up to October, with some real estate agents pushing buyers to close early just in case. The CFPB’s director even implemented an.

Pilot program – housingwire.com – With the deadline to apply to the CFPB’s pilot program on eClosings fast approaching, Digital Close provider Pavaso successfully completes digital mortgage transactions with new platform.

CFPB's eClosing Pilot Program Details; Homeownership. – In some pretty big news, the CFPB announced its mortgage eClosing pilot participants as the CFPB has taken it upon itself to assess the benefits of electronic mortgage closings. "The three-month.

IDS, Pavaso to create completely digital closing process | 2015-05-18. – The two firms will develop an integration between Pavaso's Digital Close electronic closing platform and IDS's flagship doc prep system idsdoc.

Can mortgage technology help lenders drive purchase business? However, according to Tim Anderson, director of e-services for DocMagic and MISMO member, the mortgage business has started to see a more rapid adoption of technology in recent years. Increasingly, mortgage-related technology allows parties in the mortgage process to communicate and exchange information over the internet in faster more efficient ways compared to printing and mailing all of the forms and documents, which would have been common just a few years ago.

CFPB Approves DocMagic for eClosing Pilots – DocMagic Inc. has announced that its strategic alliance with Pavaso will be expanded to allow the two firms to serve Franklin First Financial of Melville, N.Y. in the Consumer Financial Protection Bureau’s (CFPB) eClosing pilot program. "Lenders are now ready for a completely paperless loan closing process," said Dominic Iannitti, president and CEO of DocMagic.