Stavvy Announces Integration With the Encompass® Digital Lending Platform
Partnership enables lenders to access Stavvy’s solutions through leading digital lending platform
BOSTON, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Stavvy, the fully integrated digital mortgage platform, announced that its eSigning and eClose solutions are now available through ICE Mortgage Technology’s Encompass® Digital Lending Platform. The seamless integration allows lenders to access Stavvy’s solutions directly through the Encompass Digital Lending Platform to drive quality and efficiency in the loan origination process.
With Stavvy’s eClose functionalities, the majority of real estate closing documents can be eSigned, requiring only one in-person or virtual meeting for the promissory note and select documents that require notarization depending on the jurisdictional requirements and laws. By simplifying and expediting these processes, in-person closings that used to last hours can now be seamlessly completed in 10 to 15 minutes. Stavvy’s native eClose tools allow closing agents to perform hybrid closings in addition to remote ink-signed notarizations (RIN). Stavvy’s RIN product has been available and widely used in markets that do not have permanent laws for fully digital remote online notarization (RON), such as New England, New York, and New Jersey. Stavvy’s native RON product is expected to be available in Q1 of 2021.