I did the Pavaso training (at the request of 2 title companies, no cost to me). I received one appointment for a hybrid e-signing, but the borrower cancelled due to a change in the borrower's schedule.
A hybrid e-signing is where the non-notarized documents are e-signed, but the notarized documents are wet-signed. There were about 45 pages of printed documents.
Pavaso has two signing platforms, Signing Table and Digital Close Enterprise. The appointment I received, and all the training, was for Digital Close Enterprise. I understand that Signing Table was intended for brick-and-mortar title company offices which the signers would visit in person. I have no idea if Signing Table is meeting with any success.
In Digital Close Enterprise, the signer can sign using the mouse or the laptop's touchpad to draw the signature and initials once at the beginning of the closing. Then the signer clicks on spots in the various documents to have the drawn signature placed in those spots.
Obviously the signatures drawn with a mouse or touchpad will be crude, and a handwriting expert would throw up his/her hands at trying to authenticate such signatures (pun intended). So all the security comes from the electronic passwords and pins, and the presence of the notary (even though the notary didn't officially do anything with respect to the unnotarized documents).
One tricky aspect is that the signer can only e-sign with one name (so if the first doc is signed John Quincy Doe, the second one CAN NOT be signed John Q Doe), so all the e-signed documents will have to be worded so that the one chosen version of the name works for everything.
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