Snapdocs
Snapdocs is the mortgage industry’s leading e-Closing provider, automating the mortgage closing process by offering—Notary Scheduling, eClosing, & eVault. Snapdocs automates the…
Overview
Snapdocs automates the interactions between mortgage lenders, title companies, settlement agents and secondary market buyers from pre-closing through sale of the loan, powering roughly one in four United States residential transactions. Its patented models classify more than 5,000 closing document types at over 99 percent accuracy and place signature and date fields automatically, which is what allows every loan and closing type to be digitized, from wet signing through hybrid and remote online notarisation. Extraction models reconcile closing disclosures between lender and title fee by fee, replacing an hour of manual comparison per loan, and quality control combines models with expert reviewers to check documents are present, correctly executed and accurate before funding and after close. The platform includes a vault for electronic notes, trailing document management and a notary scheduling network.
Details
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