Pavaso readies for CFPB pilot program with Digital Close

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CFPB Issues Final Rule Amending Regulation B;. in the Consumer Financial Protection Bureau’s eClosing pilot program.. "Digital Close from Pavaso is designed to be a neutral technology platform that seamlessly integrates with other systems. That, along with DocMagic’s eSign, eVault and.

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Currently working with the CFPB in a Pilot Program, Pavaso is the creative solution to the NATION WIDE regulatory changes coming in August 1, 2015. These changes will help the consumer "Know.

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.

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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.

Nancy G. Pratt is the Director of eStrategy for Pavaso. She is responsible for strategic planning to develop, promote and sell Digital Mortgage Solutions throughout the title agent network and lender segment of the industry. She heads up direct sales of Pavaso’s Platform and Digital Close solutions.

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.

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