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Plano, Texas – August 17, 2018 – Greater than half of all eNote closings registered on the MERS® eRegistry to date in 2018 have been closed by means of Pavaso’s Digital Close Enterprise solution, which enables all events involved in actual estate transactions to communicate, securely trade information and create fully electronic mortgages.
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According to data kept by MERSCORP Holdings, Inc., which owns and manages the MERS® eRegistry, the national mortgage registry and authorized system of record for figuring out the controller (holder) and site (custodian) for the authoritative copy of registered eNotes, over 3,000 eNotes have been registered to the MERS® eRegistry 12 months to this point in 2018. Pavsao indicates that more enotes than half of those have been closed by way of Digital Close Enterprise. The platform offers lenders all of the instruments wanted to electronically deliver, signal, notarize, and retailer the complete bundle of loan paperwork online, including the flexibility to execute eClosings, generate a SMARTNote eNote and routinely register eNotes with MERS.
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