Snapdocs Automates Closing Services for Title and Settlement Companies

August 4, 2016

Snapdocs Inc., a technology platform that simplifies mortgage loan closings, announced a new suite of tools to help reduce redundant back-office administrative tasks for title and settlement services companies.

According to the company, Snapdocs Enterprise was developed to meet the demands of dozens of large-scale national title and settlement companies and provide a layer of control and compliance during the closing process.

“Lenders have come to expect a level of service and compliance that companies can't deliver without the right technology,” commented Snapdocs CEO Aaron King. “Facilitating more than 40,000 mortgage closings every month makes Snapdocs uniquely positioned to put interesting workflow data into the hands of a talented engineering team tasked with building a new standard in modern closing technology.”

Snapdocs’ signing agent verification feature gives mortgage lenders and title companies confidence in the third-party vendors with whom they choose to work. An emblem will appear next to a notary’s name in the Snapdocs database if he or she provides his or her identity verification via a driver’s license, notary commission, background check report and Errors & Omissions (E&O) insurance policy.

“Connecting our borrowers with high-quality signing professionals is a commitment of Equity National Title, although it’s not an easy task without the right technology,” said Kim Dusseault, chief operating officer of Equity National Title. “Snapdocs’ enterprise technology platform is the central point of truth for us, as we push to meet SLAs (service level agreement) and drive a premium borrower experience without tapping additional resources.”

According to Snapdocs, this software also gives companies oversight of closing operations across multiple offices. By driving identical workflows across a shared database of notaries, enterprise companies closing a high volume of loans have a centralized system for pulling audit reports and driving compliance. 

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