| They are complying already by previewing and acknowledging the CD 3 days prior to closing via doc-u-sign, signing their 1003, tax forms. When they open that email and attachment, title gets the email that it was reviewed with the time stamp, the customer has to electronically sign as well, but that is their compliance proof right there. They will have access to the majority of their docs ahead of time I believe, and meeting the compliance deadlines of the lender. No more "cures" being paid because of lateness or over or under the estimate presented. Truthfully Pavaso is not much different than what is already going on, just more detailed and called something else. I heard that they will be omitting that 1003, tax info and CD now because they already previewed and signed it, but not 100% on that, just rumored. |
