WACO Title Company and Pavaso Collaborate to Deliver e-notary Closing in Arkansas

Thursday, April 12 at 02:00 PM
Category: Arvest News

WACO Title Company (“WACO Title”) and Pavaso, Inc. (“Pavaso”) recently completed Arkansas’ first full e-notary closing since the Arkansas Legislature passed The Arkansas Electronic Notary Public Act in early 2017. WACO Title is an Arkansas-based title and settlement services company servicing Arkansas and Missouri. Pavaso is a provider of digital closing and collaboration solutions for the mortgage and real estate lifecycle.

The closing took place in the new WACO Title Headquarters in Springdale, Ark., and the real estate transfer document was electronically signed, notarized, and filed in the public records of Washington County.

“The idea of moving the closing process to a more electronic experience for consumers has been in the works for over a decade,” said Patrick Curry, president & CEO, WACO Title. “Waco Title and Pavaso have been among the leaders in this movement, which empowers the consumer and transforms the closing experience into one built upon transparency and efficiency. We look forward to continuing to utilize e-closing and e-notary technologies to benefit our customers and improve efficiencies.”

Curry also said Waco Title has 30 associates certified by the Arkansas Secretary of State with e-Notary commissions.

The e-closing process gained speed in Arkansas recently as the Arkansas Secretary of State began the process of commissioning e-notaries. In early 2017, the Arkansas General Assembly passed the Arkansas Electronic Notary Public Act, defining many standards necessary to protect the legitimacy of e-signed and e-notarized documents in the state.

“We are proud to help lead the way in making the e-Notary and e-Closing processes mainstream, and WACO Title is a proven ground breaker in these fields as well,” said Mark McElroy, CEO of Pavaso. “We are collaborating with government and the private sector in numerous states to make the process the norm, rather than the exception. The result is one of compliance, efficiency and accuracy – but most of all, it’s simply a smoother process for the consumer.”

McElroy further noted that Pavaso is approved in multiple states, including Arkansas, as an e-notary solution provider.

About WACO Title

WACO Title Company has been serving the abstract, title insurance and closing needs of this region since 1885 and employs over 190 highly skilled professionals, including five in-house attorneys, in 21 locations throughout Arkansas and Missouri. WACO Title and its employees are covered by a fidelity bond as well as errors and omissions insurance and maintains in-house title plants in each of the markets they serve. WACO Title’s growth and capabilities will continue to afford the people of Missouri and Arkansas a better, more efficient experience with the title and closing process. To learn more about WACO Title, please visit www.WACOtitle.com.

About Pavaso

Texas-based Pavaso is transforming the mortgage process with radically innovative digital mortgage closing technology facilitating fast, consistent, accurate and compliant closings every time. Pavaso offers a single, collaborative, secure portal promoting transparency, efficiency, consumer education and communication in a seamless format delivering value to evey stakeholder involved in the transaction. For more information on how you can streamline your process and digitally transform your organization, call us at 866.288.7051 or visit www.pavaso.com.

Tags: Arvest, WACO
Pamela Scaggs on 4/16/2018 at 1:41 AM
Does this e-closing process make it cheaper to close on a home??
Arvest Blog Admin on 5/10/2018 at 9:14 PM
Hi Pamela - We'd love to connect you with the right team to answer your question. Would you mind sharing your contact information to interact@arvest.com?

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