Stewart Title Completes Its First E-closing in Minnesota
September 27, 2018
Stewart recently completed its first electronic closing in Minnesota with Fairway Independent Mortgage in Bloomington, Minn. Both lender and title closing documents were executed electronically using the Pavaso Closing portal.
“Digital closing is no longer a thing of the future. It’s here, and by completing our first hybrid eClose in Minnesota, we’ve taken the first step toward a full digital mortgage,” said Scott Gillen, senior vice president of industry relations at Stewart. “We’re excited about our partnership with Fairway to facilitate a superior consumer experience and will continue to lead and support our transaction partners and consumers.”
Stewart reported that its goal is to provide better transparency to consumers in advance of closing and ensuring a more efficient closing process.
"As this industry implements more and more technology, we have to remind ourselves that speed does not automatically go hand in hand with satisfaction. However, the combination of the two will result in confidence and smiles,” said Dale Gross, a loan officer with Fairway Independent Mortgage. “Fairway Mortgage is choosing to offer e-closings with Stewart to provide our borrowers sufficient time before closing to review all the documents they are signing. This will improve the borrower’s awareness and comfort, as well as provide a more efficient closing experience in partnership with Stewart Title.”
Contact ALTA at 202-296-3671 or communications@alta.org.