Pavaso announced that Brenda B. Clem has been named executive vice president of capital markets. Pavaso is the developer of the industry’s only digital closing platform that brings lenders, title companies and borrowers together in one single digital portal, the company stated in a release.
Clem is a mortgage industry veteran with over 30 years’ experience in operations and secondary markets. At Pavaso, her focus is on education and increasing awareness in the mortgage industry on how to improve residential lending through technology.
Clem long has been an industry advocate for eNote, eMortgage and eWarehouse adoption in the secondary market to build integrity and transparency in the mortgage transactions process, the company said.
“Brenda is already a familiar face in the mortgage industry, and we are honored to have her on our team,” Pavaso CEO Mark McElroy said in the release. “She will be one of Pavaso’s top spokespersons in leading the charge toward universal adoption of eMortgage. Brenda’s passion, experience and her ability to articulate complicated information clearly make her an outstanding resource for Pavaso’s clients, as well as for the industry as a whole.”
Clem, the company added, is an active member of the Mortgage Bankers Association (MBA) with a certified mortgage banker certificate, and she has served on various MBA and Mortgage Industry Standards Maintenance Organization (MISMO) committees. She co-chairs MISMO’s eWarehouse workgroup and is a frequent speaker at industry events.
“I’m very pleased to join Pavaso, a leader in digital closings,” Clem said. “Pavaso’s technology reduces loan costs by digitizing the process, enabling lenders to provide a more complete loan package and reduce errors by eliminating undersigning and over signing of closing documents.”
“With Pavaso’s technology, consumers experience a transparent and convenient closing process because they or their Realtors/loan officers have access to the closing documents anywhere, on any device, prior to closing,” McElroy said. “The Pavaso Platform is also capable of producing hybrid closings, which are part ink and part digital, as well as complete eNote and eVault transactions.”
Pavaso is a leader in digital mortgage closing technology.