He said: “We are so much more than e-sign, which has been around for a long time. Closing, to me, is the ability to e-sign and e-notarize all the documents, fully paperless from application all the way to closing – everything is electronically executed, registered with MERS and then delivered to the investor.”
He was critical of the competition, suggesting that rivals who failed to offer full e-closings were short-changing clients.
“One of the biggest players out there, without mentioning names, acquired three different companies. When you come in as a consumer, you’re using a different system for the closing platform, using somebody else for the e-note, the documents and then, finally, you’re registering via MERS – that’s four different providers,” he said.
“They claim they can give you an end-to-end platform because they integrate all those guys, but they don’t even own any of that technology.”
He stressed that while most competitors were simply remarketing various technologies, Evolve “has it all”.