Old Republic National Title Insurance Co. reports that it using Pavaso’s e-closing solution to process digital real estate transactions in its direct and national settlement operations.
Pavaso’s e-closing platform uses a single, collaborative, secure portal that promotes transparency, efficiency, consumer education and communication. It is adaptable to future technological advances, yet flexible enough to apply in all environments, regardless of whether transactions are paper, partially digital or fully digital.
“Technological advances, as well as shifting market demands and demographics, make it clear that the title insurance industry is moving quickly into the digital space,” says Rande Yeager, chairman and CEO for Old Republic National Title Holding Co., in a release. “Our early support and commitment to the development and implementation of Pavaso represents a significant tactical step in advancing our offerings to today’s customers and tomorrow’s capital markets. The goal of our digital strategy is to provide e-closing experiences that are streamlined for everyone.”
“As a result of the digital shift in processing real estate transactions, we anticipate there will be market disruptions in our industry in the future,” adds Mark Bilbrey, president, Old Republic National Title Holding Co. “We are now inviting our title agents to adopt Pavaso technology, so they will be prepared and in the best possible position to adjust to future market disruptions and mitigate risk for their companies.”