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88 "e Pavaso platform will help MBH give the lenders and Realtors we work with a competitive advantage with faster, more con- venient, and more secure closings," said Fred Westerlund, CEO of MBH. "Our relation- ship with Pavaso is just the latest example of how MBH is utilizing technology to provide superior service to all of our clients across all of our markets." Pavaso's technology digitizes the process so that lenders can now provide a more complete loan package and reduce errors by eliminating undersigning and oversigning of the clos- ing documents leading to lower loan costs. Consumers have a transparent and convenient closing process because they (or their Real- tors or loan officers) have access to the closing documents anywhere, on any device, prior to closing. Pavaso's Digital Close platform is capable of producing hybrid closings (part ink, part digital), as well as complete eNote and eVault transactions. "Lenders and consumers alike are begin- ning to expect their service providers to offer a digital process, and not just in name," said Mark McElroy, CEO, Pavaso. "Convenience; efficiency; ease of use … consumers now expect these things at closing. e traditional closing experience is no longer defensible. MBH joins Pavaso in the belief that there is no legitimate reason every borrower, loan of- ficer, and Realtor cannot have a digital closing experience—even in regions where the law inhibits a totally paperless process. With a hybrid closing option, virtually every mortgage loan closing can now be (at the very least) mostly digital. More consumers are begin- ning to understand this. And more lenders are beginning to demand it." Delivering news you need. When you need it. Sign up for new alerts each morning to get the industry's top stories delivered direct to your inbox. Register for the Daily Dose at DSNews.com F R E S H L E Y B R E W E D , E V E R Y M O R N I N G R E G I S T E R F O R T H E D A I L Y D O S E A T D S N E W S . C O M GET YOUR MORNING PICK-ME-UP Just 13.9 percent of millennials in Austin, Texas, live with their mothers, the lowest rate recorded in any of the largest 50 metros in the nation, according to Zillow. KNOW THIS

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