Snapdocs operates in the real estate sector, focusing on digital mortgage closings. The platform enables lenders, title companies, and notaries to manage and complete mortgage closings online, transforming a traditionally paper-heavy process into a faster, more efficient, and secure digital experience. Snapdocs integrates with existing systems, particularly benefiting lenders using Ellie Mae, a leading mortgage software provider, by allowing seamless digital closings. The company follows a Software as a Service (SaaS) model, where clients pay subscription fees based on service levels and transaction volumes. As the demand for online real estate transactions grows, Snapdocs aims to simplify the closing process for all parties involved.

Sequoia

Freestyle Capital

Tiger Global

Alkeon Capital

Maverick Ventures

F-Prime

Y Combinator

Wellington Management

Founders Fund

Peak State Ventures

Lachy Groom

DocuSign

SV Angel

Red Swan Ventures

Enterprise Software

Real Estate

Snapdocs

Snapdocs announced a collaboration with Zions Bancorporation to digitize the lender's mortgage closings.

Zions Bancorp enters collaboration with Snapdocs to digitize mortgage closings

Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC's ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday.

Snapdocs announces partnership with SitusAMC

SAN FRANCISCO--(BUSINESS WIRE)--Snapdocs, the mortgage industry’s leading digital closing provider, today announced a partnership with SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform. The partnership allows warehouse lenders to manage eNote transactions seamlessly and securely from within their warehouse lending system of record, enabling them to scale eNote adoption with confidence and ease. "Today, eNote adoption by mortgage originators is just under 10%, and projections indicate it will reach nearly 30% of all new loan originations within a few years. To support this growth, warehouse lenders need to manage eNotes at scale,” said Camelia Martin, Vice President of eMortgage Strategy at Snapdocs. “Most large warehouse lenders are not realizing the efficiency benefits of eNotes, and our partnership with SitusAMC equips them to manage eNotes from within their existing systems and capture these benefits. This will enable warehouse lenders to better serve the needs of their customers.”

Snapdocs And Situsamc Partnership Empowers Warehouse Banks To Scale Enote Adoption

Snapdocs, a digital closing provider for lenders, released new research that shows lenders using its eClosing platform are 18 days faster than industry peers across the loan production timeline - from loan application through delivery to the secondary market.

STRATMOR Study Proves Lenders Close Faster With Snapdocs

SAN FRANCISCO--(BUSINESS WIRE)--Snapdocs, the mortgage industry’s leading digital closing provider, released new third-party research revealing lenders using its eClosing platform are 18 days faster than industry peers across the loan production timeline—from loan application through delivery to the secondary market. The research, independently conducted by advisory firm STRATMOR Group, collected self-reported performance data from over 150 mortgage lenders1. STRATMOR Group found that the average lender in the participant group spent over 70 days from application to shipping, including 48.7 days from application to closing and 21.6 days from closing to shipping. Lender participants using the Snapdocs eClosing platform averaged only 41.1 days from application to closing and 11 days from closing to shipping—a 26% overall improvement. Further value was identified for Snapdocs lender participants that move loans off warehouse lines. These lenders averaged 18.6 days on warehouse lines, as compared to the non-Snapdocs participant average of 29.3 days—a 37% reduction in funding cycle time2

New Research: Lenders Using The Snapdocs Eclosing Platform Experience 18-Day Faster Loan Velocity Than Industry Peers

Maki joined Snapdocs in 2020 as VP, Head of Business Development & Partnerships.

Drilling Down on IMB Losses (and How to Turn Them to Profits)

SAN FRANCISCO--(BUSINESS WIRE)--Snapdocs, the mortgage industry’s leading digital closing provider, announced that American Financial Network (AFN) NMLS: 237341, one of the fastest growing mortgage banks in the U.S., has selected its eClosing platform and eVault solution to accelerate digital closing adoption, boost the company’s operational efficiency, and uplevel the borrower experience. By partnering with Snapdocs, AFN plans to digitize as much of its portfolio as possible, transitioning all 240 retail offices nationwide to hybrid, eNote, and remote online notarization (RON) transactions. The lender aims to improve operating efficiency, decrease the time and costs to sell on the secondary market, and deliver a hassle-free digital experience to borrowers. “By providing our team the best solutions to close and manage our loan portfolio, we will provide the best possible customer experience to achieve success in this digitally moving market,” said Jon Gwin, COO of American Financial Network. “With Snapdocs’ technology and guidance, we have a simple, scalable process that automates and standardizes all digital closing types. We chose this route to upgrade the level of transparency and efficiency for everyone involved in the closing—our borrowers, settlement partners, and the secondary market.”

Snapdocs Powers American Financial Network'S Digital Closing Strategy

Snapdocs Powers American Financial Network’S Digital Closing Strategy

American Financial Network selects Snapdocs' eClosing and eVault solutions to accelerate retail digital closing adoption, improve margins, and increase secondary market efficiency.

Snapdocs Powers American Financial Network's Digital Closing Strategy

SAN FRANCISCO--(BUSINESS WIRE)--Snapdocs, the mortgage industry’s leading digital closing provider, has partnered with LenderLogix to provide shared customers with a unified closing experience. The integration between Snapdocs’ eClosing platform and LenderLogix’s LiteSpeed point-of-sale (POS) gives lenders the ability to offer borrowers a streamlined digital closing from loan application to final signature, all while automating cumbersome and time-intensive internal processes. “Lenders should have the freedom to build a best-in-class technology stack that suits their specific business needs,” said Camelia Martin, Vice President of Industry and Regulatory Affairs at Snapdocs. “Partnering with LenderLogix allows Snapdocs lenders to deliver a connected closing experience and realize the value of digitalization at scale.". The companies’ newly integrated systems allow borrowers to start and complete their mortgage transaction within one familiar platform. No additional logins or interfaces are required

Snapdocs

Digital platform for mortgage closings

Snapdocs

Digital platform for mortgage closings

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