Nancy G. Pratt, VP of Partner Strategies, Government Affairs at Pavaso, was elected to serve as co-chair of the Mortgage Industry Standards Maintenance Organization (MISMO) eMortgage Workgroup at the organization’s Winter Summit in January.
The eMortgage Workgroup develops voluntary technical standards and business and technical guidance for the advancement of electronic mortgages and paperless technology in the mortgage industry and also provides general education about the legal framework for the use of eMortgages and related standards.
“I’m elated to serve as part of the MISMO leadership. I’ve been active with MISMO for quite some time, so when the opportunity to co-chair a group that aligns so well with my endeavor to implement widespread eClosings, I jumped at the chance,” Pratt stated.
Current projects for the eMortgage Workgroup include an Implementation Guide for SMART Docsâ, a report on warehouse lender interests and concerns with eNotes, and an eMortgage Glossary.
“We have high expectations of everything that we can accomplish with this group and have strict objectives set to ensure that we achieve everything we set forth at the Winter Summit,” Pratt added.
Pratt has been in the mortgage/title industry for over 32 years and has over 12 years' experience specifically in the eMortgage/eClosing space. Highlights of her career include industry milestones of performing the first complete eMortgage with lenders and conducting the first ever FHA and VA eClosings. At Pavaso, Pratt manages the firm’s strategic partnerships and is responsible in maintaining relationships at the federal and state level, as well as understanding key regulatory issues and laws that pertain to the operations of Pavaso.
She has been invited to speak at various Industry Conventions as an eClosing/eMortgage subject expert and is a member of the ALTA Government Affairs, Public Relations, State Regulatory Action and Technology Committee. Pratt is also a member of the MBA MISMO Residential Technology Committee. She is a member of PRIA, MBA, MISMO, ESRA, RESPRO, National eNotarization Board and served on the eMortgage FNMA Innovation Team.