Digital
closing
provider


Snapdocs
has
automated
its
digital
closing
revenue
management
system
to
help
the
firm
create
a
faster
and
more
transparent
process
for
clients.

In
partnering
with

BillingPlatform,
the
billing
and
revenue
management
solution
provides
“the
automation,
scale
and
flexibility
to
launch
and
bill
for
our
core
and
new
products
as
our
business
continues
to
expand,”
said
Jason
Anderson,
head
of
finance
at
Snapdocs.

From
product
setup,
quoting,
billing
and
invoicing
to
revenue
recognition
through
payment
and
collections,
the
solution
provides
full
life
cycle
support
of
the
monetization
process
on
a
cloud
platform. 

Snapdocs,
founded
in
2012,
works
with
hundreds
of
mortgage
lenders
and
title
companies,
as
well
as
100,000-plus
settlement
agents
and
140,000
qualified
notaries.
It
supports
one
in
four
residential
real
estate
transactions
in
the
country,
according
to
the
firm. 

Using
its
proprietary
AI
technology,
the
San
Francisco-based
company
digitizes
all
loans
regardless
of
type
and
allows
borrowers
to
preview
and
electronically
sign
closing
documents
before
a
signing
appointment. 

Snapdocs
said
that
its
customers
have
2.5
times
greater
eNote
adoption
than
non-Snapdocs
customers
and
save
an
average
of
$290
per
loan.
Snapdocs
also
said
it
enables
lenders
to
close
1.5
days
faster
by
connecting
the
lender
and
settlement
workflow
into
one
platform
while
integrating
with
point-of-sale
(POS)
and
loan
origination
(LOS)
systems
for
a
digital
experience
from
start
to
close.

The
digital
closing
provider
recently

partnered
with
real
estate

technology
provider

SitusAMC
to
integrate
the
Snapdocs
eVault
to
SitusAMC’s
ProMerit
platform,
a

warehouse
lending
technology
tool.

The
collaboration
in
May
was
aimed
at
enabling
warehouse
lenders
to
seamlessly
and
securely
manage

eNote
transactions
within
their
warehouse
lending
system
of
record.

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