a view inside the pavaso platform
TRANSCRIPT
Security and Authentication
All participants create unique passwords with multiple layers of security,
with access limited to only what they need. Branding of the platform is an option that creates a seamless
transition for the consumer.
Digital Close
Pavaso’s flagship product, where everyone collaborates for closing transactions. All parties have the
ability to access key participants, share information, and ask questions – which are permanently and
securely logged – at any point in time
Digital Close - Add tags to any document
After uploading documents, lenders and settlement agents can add tags
for various reasons – signatures, initials, education, eNotary, etc
Digital Close – educational overlays
The consumer is now able to click on documents and libraries for educational content including videos,
documents, CFPB content, or any custom generated material. All actions are tracked for proof of for what,
when, and how long each is viewed.
Digital Close – status update
Review and approve documents in preparation for the closing, communicate with all participants, print
documents, invite other parties to join, view planned timing of the close
Signing Table – the closing process
For the physical close, the Signing Table allows for a permanent, secure, tamper-sealed transaction to
occur, with capabilities ranging from fully wet-signed printed copies, to hybrids, to full eClosings with
eRecording and eVaulting. Closings can take place anywhere, with minimal technical requirements.
Signing Table – closing deals
Closing agents are able to track all loans and documents in one place as they prepare for closings.
Signing Table – consumer review
Consumers review all of their documents and digitally sign loan packages
SigningTable – eSignatures
Signatures are verified and captured for all parties via several methods, including touch screens and web
closings. This allows for mobile closings complete with eNotary services, digital stamps, and unique
barcodes so that any page of the closing package which is printed, can be wet signed and scanned back
into the proper position in the closing package.
Secondary Market - Mortgage DNA®
Mortgage DNA® is a Pavaso app which allows secondary market participants to
purchase loans from the originating lender by finding matching data for whatever
criteria they request. The Mortgage DNA® viewer allows users to proactively search for
loans to be used in creating packages of mortgage backed securitizations.
Much of the information available is related to loan activity and production in the early stages of
the process
Capturing of the data occurs both at the production level with the originating lender, and also
from the subsequent stakeholders through the lifecycle of the loan. The delivery is via a viewer
application with access to the Pavaso systems for the data.
This level of automation eliminates much of the costly reconciliation and compliance auditing
currently performed throughout the lifecycle of the loan - and not just at the originating lender -
heavily suggesting value can be derived from each stakeholder action during the process
Secondary Market - Mortgage DNA®
Mortgage DNA creates a customizable scoring system aimed at establishing further levels of best
practices and the highest quality of loan packages. Full paper mortgages begin the scoring at zero,
and the most complete, fully documented eClosing packages are the highest rated.
Secondary Market - Closing Forensics®
• Closing Forensics – Proof, through data, that the loan has gone through a
process which is fully compliant, auditable, adheres to a consistent set of
Pavaso Certified standards, and can be verified at every step.
• All data is captured, from the start of the origination through close. This
includes initial disclosure documents, appraisal, inspection, and all post-closing
items such as eRecording, lien releases, and escrow disbursements.
• The loan has been processed using the Pavaso Certified functions during the
closing process.
• Data set can be fully customized, no limit on amount of information
• Automation offers a greater level of data covering the entire process from end to
end
Secondary Market - Closing Forensics®
• Capable of capturing 100s of data points on all loans, such as:
o Timestamps when documents are delivered, opened, reviewed, and accepted
o Basic personal and demographic data
o Income, asset, liability and debt details from the borrower
o Property information, loan terms and details
o Amount of time the borrower has key forms open
o Loan estimate
o Closing Disclosure Form
o Early disclosures, appraisals, and inspections, and much more can be included
o Number of questions asked during the closing process
o Amount and number of times educational material was accessed
o Time spent on individual videos and websites
o Date deed was recorded
o Identity verification of everyone who was present at the closing
Pavaso – leading the change
• Pavaso brings the consumer into the transaction – through
transparency, collaboration, and participation throughout the entire
mortgage process - and beyond
• Create a user experience which immediately generates ROI in the form
of new and repeat business
• Pavaso widens your runway so that all of your needs can be addressed
in new ways, not just in a narrow, outdated strip
• How will you successfully move your business into the new world?
• Adjust your path before others ever have a chance to experience the
obstacles and issues
• Set clear goals, expectations, and timelines which will enable you to
achieve objectives in a way that makes you a leader