Snapdocs’ eClose and Notary Scheduling have integrated, accelerating closing speed by at least 1.5 days through this “first-of-its-kind integration,” leaders at Snapdocs say.
The integration, Connected Closings, creates efficiency for Snapdocs and settlement companies through automatic document sharing, eliminating time-consuming manual tasks.
It provides real-time updates on the signing appointment, notary search, and closing documents. It also directs borrowers to electronically sign documents, which they sign prior to their closing appointments 90% of the time.
“Lender and settlement workflows have historically been completely fragmented, resulting in errors and wasted time. This industry-first innovation is a win-win for both parties,” said Snapdocs Chairman and Founder Aaron King.
“Lenders feel more in control with visibility and access to the real-time information around the signing. Meanwhile, settlement can increase revenue opportunities by providing a digital experience lenders actually want to use. This results in more efficient closings and better business results for everyone. There’s nothing on the market like it.”
Snapdocs is hosting a webinar for both lenders and settlement companies on Connected Closings. Register for it here.
TMN Editor Kimberley Haas recently sat down for a conversation with Todd Maki, Snapdocs VP of Customer Success, about the emergence of digital closings.
“What we hear, especially now in this market, is a major focus on one of the reasons we’re talking, just a major focus on cost savings through digital. ‘How can I run my company more efficiently? How can I do more with less? How can I improve my borrowing?’… We’re able to allow our company to support our customers in getting to full adoption of our product across their portfolio, so actually utilizing digital closings across 75, 85, and 95 percent of all of the mortgage transactions that they’re conducting,” Maki said.
“That’s really beneficial for lenders. I mean, we know that people can save money through digital closings.”
Snapdocs is the mortgage industry’s leading digital closing provider, combining an open platform and AI technology to ensure digital closing success.
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