I notice that some other esigning companies out there like Docverify seem to focus on general business documents, while Pavaso is focused on real estate closings. I would think the more a lender or title company can integrate the signing into their overall digital workflow, the more they can control it, avoid errors, and know they are ready to continue with the process without having to spend lots of man-hours reviewing the paper documents that come back to see if they're correct.
Of course the only way to know for sure is to actually walk through the process in detail, and we're not in a position to do that, but I would think a general-purpose signing platform wouldn't give a lender or title company the degree of control and integration that they would want, and a real-estate specific platform would.
I also think the lenders and title companies should be taking all the money they'll be saving by having more control over the process to provide the notaries with whatever platforms they need, and INCREASE fees a bit to allow for the extra equipment the notary needs, and the cost of a higher monthly data allowance on the notary's cell phone plan. |
