Stavvy Enhances Digital Mortgage Closing with New Tools

Stavvy's Latest Encompass Integration Revolutionizes Mortgage Technology

Stavvy has introduced an exciting new integration with Encompass that aims to transform the landscape of digital mortgage processing. This revolutionary development leverages the Encompass Partner Connect API framework from Intercontinental Exchange (ICE), enhancing collaboration within the lending and real estate sectors.

A Streamlined Experience for Lenders

The new integration is designed to provide a seamless user experience for lenders navigating the complexities of mortgage closings. By utilizing the latest Encompass Partner Connect (EPC) APIs, the integration allows lenders to execute hybrid or fully digital closings directly within the Encompass platform. This means that crucial features such as eSign, eNote, eVault, and remote online notarization (RON) can now be accessed in one place, making the process more efficient than ever.

Boosting Efficiency Through Automation

With this integration, timely closings are prioritized, enabling lenders to reduce the time typically required for the closing process. Automation plays a critical role here, as it minimizes errors through real-time syncing and streamlined workflows. The benefits are twofold: not only does this accelerate the closing times, but it also enhances the overall experience for borrowers, who appreciate a more efficient process.

Voices from the Industry

Kosta Ligris, CEO and Founder of Stavvy, expressed his enthusiasm for the integration, stating, "We're thrilled to accelerate the closing process for our clients with Stavvy's digital mortgage lending solution. This bidirectional integration allows our eClosing features to fit seamlessly within the Encompass platform, thus simplifying the execution of hybrid or fully digital closings." His sentiments are echoed by Rolando Lora, Executive Vice President at The Washington Trust Company, who noted the importance of the integration in achieving operational efficiencies across their lending processes.

Transforming Real Estate Transactions

At its core, Stavvy's mission focuses on transforming fragmented workflows into cohesive real estate transactions. The platform aims to speed up and enhance the transparency of such transactions, catering not only to lenders but also to the clients they serve. By ensuring that administrative tasks are minimized and document management is simplified, the integration reinforces Stavvy's commitment to innovation in the fintech space.

About Stavvy

Stavvy is a dynamic financial technology company that is committed to advancing the digital landscape of real estate transactions. Based in Boston, Stavvy offers solutions that cover eClosing, digital mortgage lending, digital default servicing, and more. Their innovative approach aims to make real estate transactions as seamless as possible, allowing clients to focus on what truly matters.

Frequently Asked Questions

What is Stavvy's new integration with Encompass?

Stavvy's new integration with Encompass provides a platform where lenders can execute hybrid and fully digital closings, employing tools like eSignature and remote notarization.

How does the integration benefit lenders?

This integration streamlines the closing process, reduces closing times, and diminishes errors through automated syncing and improved workflows.

What functionalities does the integration offer?

The integration allows access to features such as eSign, eNote, eVault, and remote online notarization, all within the Encompass platform.

Who are the leaders expressing support for the integration?

Kosta Ligris, CEO of Stavvy, and Rolando Lora, Executive VP at The Washington Trust Company, have expressed positive sentiments regarding the benefits of the new integration.

What is Stavvy's mission?

Stavvy's mission is to streamline real estate transactions, improving speed, security, and collaboration in the mortgage process.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

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